Wall Street Trading Desks Map Out Game Plans for CPI Scenarios
- JPMorgan, Morgan Stanley focus on different parts of inflation
- Fed’s stance on market rally ‘ups the ante for CPI’: Goldman
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For months now, an uneasy truce has prevailed between the Federal Reserve and stock investors. As inflation cooled, Chairman Jerome Powell kept mostly quiet about a $5 trillion equity rally that many worry impedes his efforts to drain bloat from the economy.
Whether the peace can last will depend a lot on Tuesday’s consumer price index.