Fed Holds at 4.25–4.50%; Small-Cap Tape Rips on Softer Core CPI
The two-year yield shed 11 basis points and the Russell 2000 tacked on 1.8% Wednesday after core CPI came in at 2.4%—a tick below the 2.5% the Street had penciled in—giving the Fed exactly the cover it needed to stay put…
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