S&P 500, Dollar and Pound Volatility Can Carry Over to Important Friday Docket

US core inflation accelerated to its fastest pace of growth in four decades and the market’s expectations for a fourth consecutive 75bp rate hike moved to ‘certainty’ territory. Despite that, the S&P 500 rallied while the Dollar lost ground this past session. Volatility is the common thread and there is plenty of risk of more for Friday.