Stocks Face Inflation Test Amid Record Highs
The US stock market has reached record highs due to a sharp technology-led rally. The S&P 500 gained 5.75% over four sessions, its largest surge since April 2025.
Next week's inflation data will test this momentum. A 3.4% year-over-year rise in the Consumer Price Index (CPI) is expected, while core CPI is projected to increase by 2.5%.
Investors are watching these numbers closely as they could impact the Federal Reserve's decision on interest rates.