S&P 500 Breaks Tight Range and Overtakes 200-Day Moving Average, Inflation and NFPs Ahead

With less than two weeks to go until the last FOMC rate decision of the year, Fed Chairman Jerome Powell addressed the markets with remarks to suggest a smaller pace of rate hikes is ahead but that the end point for the benchmark is still higher than previously thought. A S&P 500 break suggests the market focused on the tempo.