Inflation data boosts rate cut hopes: Market takeaways

Yahoo Finance Video
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Stocks ended the day higher (^DJI,^GSPC, ^IXIC) after the July Consumer Price Index report showed inflation is continuing to cool and giving investors assurance that the Federal Reserve will likely cut rates at its September meeting. However, the size of the cut still remains up for debate.

Yahoo Finance senior reporter Alexandra Canal takes a closer look at what drove trading on Wednesday, including the decline in volatility and the ongoing concerns about the tech sector.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Stephanie Mikulich.