Midday Need to Know: U.S. CPI jumps, crude oil rises & more

What happened: Wall Street's major market averages traded lower on Wednesday as investors assessed the latest consumer inflation report, which came in largely in line. Why it matters: The report was largely in line, and investors weighed it while major averages moved lower. Key numbers: none provided beyond the Wednesday timing.

Wall Street's major market averages traded lower on Wednesday as investors assessed the latest consumer inflation report, which came in largely in line.

The report was largely in line, and investors weighed it while major averages moved lower. Key numbers: none provided beyond the Wednesday timing.