US inflation, sales data cool Fed hike bets; stocks hit records
The S&P 500 and Russell 2000 set fresh highs as July CPI rose 0.1% and 3.4% annually, PPI was flat, and retail sales fell 0.6% versus a 0.1% consensus gain.
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US Univ. Of Michigan Sentiment Jul P: 54.4 (est 51.0; prev 49.5)
Current Conditions: 54.9 (est 48.7; prev 47.7) - Expectations: 54.0 (est 51.9; prev 50.7) - 1-Year Inflation: 4.2% (est 4.4%; prev 4.6%) - 5-10 Year Inflation: 3.3% (est 3.3%; prev 3.3%)