Wednesday's consumer price index report could help determine which way the market will move in the short-term. Traders will be watching to see if inflation has peaked, at least for now.
The US CPI data for the month of July will be released at 8:30 a.m. New York time and economists expect the index to rise 8.7% year-on-year. A reading of 8.7% would be lower than the previous reading of 9.1% but would still be the second highest reading in about...