Investors like the CPI data, Stock opened higher Tuesday
@Twelve_E:
The consumer-price index for May is out; here are the key numbers:Prices edged up 0.1% from a month earlier, compared with the 0.4% increase in April.Prices rose 4% from a year earlier, compared with the 4.9% increase in April.Core CPI rose 0.4% from a month ago and 5.3% from a year ago. Economists expected increases of 0.4% and 5.5%, respectively.The report comes ahead of the Federal Reserve's rate decision, set to be announced tomorrow. The central bank has been aggressively raising rates to bring inflation down to its 2% target.Investors like the CPI data this morning.Stock futures are rallying after the latest read, building on the market's recent gains. The tech-heavy Nasdaq, which has been racing past its peers, outperformed in recent trading.The yield on the 10-year Treasury note dr