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[Chart courtesy of MarketWatch.com] The major indexes wavered with the Dow being the weakling of the day, despite more inflation data showing better-than-expected results. May’s Producer Price Index (PPI), which was anticipated to rise 0.1%, came in lower by 0.2% from the month of April. That sort of confirms the Fed’s view yesterday that “progress has been made on the …

[Chart courtesy of MarketWatch.com] The latest CPI report sent stocks higher and bond yields lower, as the index was unchanged for May vs. an expected 0.1% monthly rise. Year-over-year, the increase was 3.3%, which was also lower than the anticipated 3.4%. Even the Fed’s favorite gauge, the core CPI, which excludes volatile components like energy and food, was in line …

[Chart courtesy of MarketWatch.com] The major indexes started the session in the red, with only the S&P and Nasdaq being able to climb out of that early hole and close in the green, as buying picked up late in the session. The Fed started its 2-day meeting on interest rates today with the verdict being announced Wednesday after 11 am …

[Chart courtesy of MarketWatch.com] With the much-anticipated jobs report out of the way, but Wall Street still pondering its implications, the new focus is on the Fed’s interest rate decision and last month’s inflation data. Both are due out Wednesday with the CPI potentially being a crucial point for market direction. Especially, after Friday’s allegedly strong jobs report, the Fed …