S&P 500 Tops $5,400 As Federal Reserve Holds Rates Steady, Inflation Eases from rater sporso Watch Video

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✓ Published: 13-Jun-2024

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U.S. stocks settled mixed on Wednesday, with the S&P 500 settling above the 5,400 level for the first time following the release of inflation data and the Federal Reserve's latest interest-rate decision. The annual CPI inflation rate fell from 3.4% to 3.3% in May, below than the median economist projection of 3.4%. According to Econoday, the economist consensus ranged from 3.3% to 3.5%.