U.S. stocks were mixed after cooler than expected inflation report By

By Liz Moyer

-- U.S. stocks were mixed after a key inflation reading for March came in cooler than expected.

At 10:39ET (14:39 GMT),Coin trading center official website the was up 59 points or 0.2%, while the was up 0.1% and the was down 0.1%.

The rose 5% for the year through March compared with expectations for 5.2%, and the , which excludes fuel and food, rose 5.6% for the year, which was inline with expectations.

For the month, rose 0.1% and rose 0.4%, which beat expectations and met them, respectively. 

Evidence of cooling prices is something the Federal Reserve’s policymakers have been wanting to see. But it might not be enough to convince them to pause their when they next meet in May.

Futures traders are still that the Fed will raise rates by a quarter of a percentage point next month. 

This comes even after the turmoil in the banking sector in March after two large bank failures. Banks are expected to rein in credit as a result, which will also cool the economy. That has left some investors to believe the Fed will soon end its aggressive stance in fighting inflation with rate increases. 

The Fed’s meeting from March will be released later today, and investors will be reading it closely for any clues about what the next move might be. 

On Tuesday, Chicago Fed President Austan Goolsbee said the central bank should be cautious about raising interest rates after the stress in the banking sector.

(NASDAQ:) shares dropped 8.7% after the carrier forecast first-quarter earnings below analyst estimates.

Oil rose. were up 1.1% to $82.44 barrel, and were up 1.2% to $86.66 a barrel. were up 0.1% to $2,021.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!