The S&P 500 remains mostly rangebound with a bullish tilt as traders await the US CPI data

FUNDAMENTAL OVERVIEW The S&P 500 has been mostly rangebound since the last FOMC decision but with a bullish tilt. The only major catalyst we got since the FOMC decision was the NFP report. The data wasn’t bad, but it was enough to trigger a slightly dovish repricing in interest rate expectations. The chances for a July hike are now standing at just 25%, whi…

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