Why Tuesday Could Be a Huge Day for the Stock Market
The stock market has been a fickle place in 2022, with investor sentiment constantly changing by the day, week, and month. Inflation, which has been hovering near a 40-year high, has become the center of attention, as the market tries to figure out how high inflation might go and when it may peak.
The elevated inflation indicators over the past year or so are the main reason the Federal Reserve has had to raise interest rates so intensely this year, which has roiled markets and led to the worst first half of a year for stocks in about five decades.
On Tuesday, the U.S. Bureau of Labor Statistics will release more inflation data -- in this case, the change in prices for the month of August -- which could have a big effect on the stock market. Let me explain.
Source Fool.com
