Here's Everything You Need To Know Today

Well, inflation came back a little higher than the market wanted to see. But enough companies are showing efficiency despite that, so markets are more flat than anything. The Street really wanted to see a bigger inflation beat here, but since prices aren't spiraling out of control, cyclical price fluctuations can help cool things off before the summer. 

So, the real key moment for this rally comes at next week's FOMC meeting. Is inflation holding steady enough for Jerome Powell to announce a proper timeline for rate cuts? Or, does the Fed need to activate the nuclear option and consider one last rate hike to fully crush rising prices? Until we get a clearer roadmap, expect more volatility. Let's examine the main drivers of today's price action and try to find long-term trends.