Market Awaits CPI Data as Traders Brace for Potential Fallout

The S&P 500 is clinging to a record-breaking plateau, facing resistance at the $6,000 mark but unable to break through. Despite a remarkable surge of 20% since April and a mere 2.3% distance from its all-time high, traders are on hold as they brace for potential market shifts. The upcoming release of consumer price index (CPI) data on Wednesday and the Federal Reserve’s interest rate decision in June 18th could trigger significant volatility.