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Stock market today: US futures inch up with inflation data in focus

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Federal Reserve Nouvelles

Inflation Report,Economic Releases

Attention is on this week's CPI report, seen as a potential starting gun for Fed rate cuts.

US stocks edged up before the bell on Monday, ready to build on a string of gains as attention turned to the coming inflation report seen as a potential starting gun for interest rate cuts. S&P 500 futures rose roughly 0.2%, while those on the tech-heavy Nasdaq 100 moved up about 0.3%. Dow Jones Industrial Average futures hovered above the flatline, coming off the best week of the year for the blue-chip index.

After recent hot inflation data, markets have been more skittish as investors have increasingly priced in "no landing," where price rises don't come down to the Fed's target, but the economy keeps growing. This week brings a flood of economic releases as potential catalysts, with Wednesday's Consumer Price Index update the star.

 

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