Wall Street futures are flat after a record-setting run, with the S&P 500 flat and the Nasdaq 100 up 0.2%. The Fed starts a two-day meeting with inflation at 4.2%, the highest since 2023. SpaceX is up 10% pre-market, on track to leapfrog Amazon into fifth place among the world's biggest companies.
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Summary by ByteBrief
U.S. inflation meets expectations, reinforcing Fed's higher-for-longer stance