The Latest Inflation Data Will Drop on July 14. Here's Why It's a Big Deal for the Stock Market
The June reading of the Consumer Price Index will be released at 8:30 a.m. ET on July 14.
Overview
Investors will get their latest look at inflation when the Bureau of Labor Statistics releases the June Consumer Price Index (CPI) reading at 8:30 a.m. on July 14.
The CPI tracks the prices of a range of consumer goods and services and serves as a key gauge of inflation for the market.
Details
Inflation has remained above the Federal Reserve’s 2% target now for over five years. Headline year-over-year inflation has surged this year, due to the Iran war, which sent oil prices soaring.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.