NEW YORK, New York - A lower CPI reading than expected boosted U.S. stocks early on Wednesday; however, by the close most of those gains had evaporated.
The Consumer Price Index (CPI) for March came in at 0.1 percent, well below the 0.2 percent expected. "It is encouraging because it shows the direction is the way the Fed wants it to go, but I don't think it's enough to cause the Fed to stop raising rates," CFRA'
