Nvidia just scored a win: it can resume selling its powerful H20 chip in China, potentially adding billions in revenue. But while tech gets a boost, the CPI inflation rate rose to 2.7%, above the Fed’s 2% target — a sign that tariffs are hitting consumers, especially in electronics and furniture.
Meanwhile, big banks like Wells Fargo, JPMorgan, and Citibank delivered strong earnings. Despite the inflation news, markets stayed relatively flat — but rising prices could keep the Fed on pause, and that’s a warning sign Wall Street won’t love.
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