S&P 500 Breaks 5,000 Mark Amid Anticipation for Key Inflation Data The S&P 500 hit a record high, closing above 5,000 for the first time after a strong few weeks driven by better-than-expected company earnings and the Federal Reserve’s consistent message on inflation. This week, all eyes are on the Consumer Price Index (CPI) for January, with experts predicting a year-on-year increase of 2.9%, down from December’s 3.4%. This suggests that while inflation is expected to have slowed, careful monitoring continues. The CPI measures changes in the price level of a basket of consumer goods and services, including food and energy, providing a key indicator of inflationary trends. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Growing Shadow of Credit Card Debt: A Crisis Looming Over American Consumers READ MORE De-Dollarization: Cross-Border Payment Platform to Include Currencies from Pakistan, India, and Chin READ MORE Turks pile into the dollar, gold and stocks as 67% inflation savages ‘worthless lira’ READ MORE Nasdaq and S&P 500 Continue to Climb, Celebrating Stellar February READ MORE Fed Minutes: Patience Prevails as Officials Await Clearer Inflation Trend READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment