*U.S. STOCKS INCH HIGHER AS INVESTORS AWAIT MARCH INFLATION REPORT $DIA $SPY $QQQ 🇺🇸🇺🇸
crept higher on Tuesday as investors awaited crucial inflation data and the unofficial kick-off of first-quarter reporting season.
With a lack of market moving catalysts, investors looked ahead to Wednesday's consumer price index for any evidence that the long, slow inflation cooldown continues. On a monthly basis, analysts see headline and core CPI cooling to 0.2% and 0.4%, respectively. But year-on-year, while consensus estimates call for a significant drop in the headline number - to 5.2% from 6.0% - the core measure, which strips out volatile food and energy prices, is expected to gain heat, rising to 5.6% from 5.5%.
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