MarketPR
The Fed didn't blink, didn't budge, and didn't need to — because the data did the work for it.
Core CPI landed at 2.4%, a tick below the 2.5% consensus that traders had penciled in, and that single decimal point was enough to send rate-sensitive names sprinting toward the close.
The Russell 2000 tacked on 1.8%, outpacing its large-cap counterparts and reminding the market that when borrowing costs look like they're heading lower, smaller companies tend to lead the charge.
IWM, the iShares Russell 2000 ETF that serves as the street's preferred small-cap barometer, captured that move cleanly — volume swelled as momentum players piled in through the afternoon session.
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