Traders Bet on Wild Swings With CPI Print Set to Test the Market
- Options see over 1% move in S&P off Wednesday’s inflation data
- Yield on 10-year Treasury recovers most of the recent drop
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Wall Street’s summer to forget is approaching its climax, with all eyes on this week’s consumer prices report, which traders hope will give the Federal Reserve the ammunition it needs to begin cutting interest rates at its next meeting in September.
But for now, the bet is for more volatility.