📣 #PEPE Stock market fresh frog news [16-05] 📣
🔹Stock futures wavered as traders weighed economic data and remarks from a handful of policymakers for clues on the Federal Reserve’s next steps.
🔹S&P 500 contracts struggled to pick up much traction after a rally that drove the US equity benchmark to an all-time high.
🔹The three major averages closed at records on Wednesday, with the S&P 500 breaking above 5,300 for the first time.
🔹That performance was helped by the April reading of the consumer price index, a broad measure of how much goods and services cost at the cash register, which increased 0.3% from the prior month.
🔹Fed Bank of New York President John Williams told Reuters the latest US inflation data confirm price pressures are gradually easing — but he still needs more evidence to adjust interest rates.
