Stock Market Today – 1/12: Dow Edges Higher With Inflation In Focus As Powell Vows Rate Action

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The Street

By Martin Baccardax Wall Street looks set for a cautious open ahead of key December CPI data that could indicate the fastest inflation rates since 1982. Dow futures nudge higher ahead of December inflation dataHeadline inflation could pass 7%, the highest since 1982, according to the consensus forecast for the December CPI reading at 8:30 am Eastern time.Oil prices reach pre-Omicron levels after API reports 1 million barrel decline in domestic crude stocksBiogen stock slumps as Medicare limit coverage for key Alzheimer’s treatment.Take-Two stocks gains as BMO touts mobile revenue potential fro…

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