Whats driving the market sentiment now, It ain’t CPI report anymore!


So we had the CPI report today and it was decent but market didn't respond.

1) The consumer price index rose 0.1% in March and 5% from a year ago, below estimates.

2) Excluding food and energy, the core CPI accelerated 0.4% and 5.6%, both as expected.

3) Energy costs fell and food prices were flat. Used vehicle prices also declined.

4) A 0.6% increase in shelter costs was the smallest gain since November, but still resulted in prices rising 8.2% on an annual basis

At least from last couple of CPI reports, inspite of them being decent we havn't seen intra day movrments.What could be the other reasons now driving markets?


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