^GSPC Today, March 13: CPI Steady as IEA Oil Release Tempers Shock
S&P 500 today is trading against a backdrop of steady US CPI and energy risk. Headline inflation held at 2.4% year on year in February, with core at 2.5%. The IEA’s record reserve release eased oil shock fears tied to the Iran conflict. That tempered the near-term hit to risk assets while nudging the Fed rate outlook toward later cuts. With ^GSPC near key technical levels, we see scope for higher volatility and sector rotation. For Singapore investors, SGD returns, USD exposure, and costs matter now more than ever.
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