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Markets · Narrative··Updated 4d ago
Part of: S&P 500 Concentration

Consumer spending stress amid persistent inflation

Fresh CPI data is imminent (May 13), with traders bracing for more evidence of consumer fatigue and inflation persistence. Gas prices hit 2026 highs in some regions, grocery inflation remains elevated, and mortgage rates moved to 6.37%. Market expects weak consumer backdrop to potentially shift Fed policy, though some strategists warn against premature rate cuts if inflation isn't truly defeated.

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