*U.S. CPI PREVIEW: HOW IT MAY AFFECT THE S&P 500 AND WHAT EXPERTS EXPECT $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
for the same month, the readings are somewhat worse than expected, sales will return to this market, dragging behind the rest of the Western stock markets," the note added., as it expects the equity benchmark to rise between 2% and 3% if the year-on-year CPI matches market forecasts of between 7.2% and 7.4%. The U.S. bank anticipates a rebound between 8.0% and 10.0% in the event that the inflation figure reaches 6.9% or less.
FX Street said Goldman Sachs appeared slightly reserved in its forecasts and anticipated S&P 500 gains above 3% if U.S. CPI falls below 7%. "A reading 7 to 7.3% would see 2 to 3% added to the S&P 500," the report said, adding that" from 7.4% to 7.7% sees the S&P 500 drop 1 to 2%." It also noted that inflation readings above 7.7% could see S&P 500 losses of more than 3%.
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