Market Mood Swing: When Numbers Don't Tell the Whole Story The market's reaction to this week's inflation data was a stark reminder that numbers alone can be deceiving.
The Dow, S&P 500, and Nasdaq all rose in response to the Consumer Price Index (CPI) print, which showed inflation cooling slightly to an annual rate of 3. 4% in July.
At first glance, this might seem like a straightforward victory for those predicting a dovish turn from the Federal Reserve. However, scratch beneath the surface and you'll find that the situation is more complex.