U.S. stocks are moving in a tight range in late afternoon trades Wednesday as investors remain hesitant to create fresh positions ahead of the crucial inflation data, due on Thursday.
Despite continued optimism about strong economic rebound from the pandemic, the market is weighed down by concerns over rising inflation and fears about the Federal Reserve starting discussions on tapering its asset buying program sooner than expected.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.