US stock futures rose on Wednesday after a fresh reading on inflation showed consumer prices increased less than expected in May. The latest snapshot of inflation comes hours before a highly anticipated Federal Reserve meeting in the afternoon will provide the latest signal on the path of interest rates. S&P 500 futures built on a 27th record close of the year, rising 0.7%. Futures on the tech-heavy Nasdaq 100 rose nearly 0.9%, also pointing to gains after a record close for the index.
2% over the prior month and 3.4% over last year — cooler than April's data. Both measures also came in better than economist estimates. Read more: How does the labor market affect inflation? Meanwhile, the Fed's decision is all but certain — the central bank is expected to keep rates at their current 23-year-high levels.
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Stock market today: US futures tiptoe higher ahead of CPI, Fed double whammyInvestors are braced for the latest snapshot of the state of inflation and the latest signal on the path of interest rates.
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JPMorgan Warns of a Shock to Stock Market’s Calm From CPI, FedWall Street’s most prominent trading desks from JPMorgan Chase & Co. to Citigroup Inc. are urging investors prepare for a stock market jolt this week after the latest inflation print and the Federal Reserve’s interest-rate decision, both of which arrive on Wednesday.
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Stock market today: S&P 500 breaches 5,300 as stocks rally to records after CPIStocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
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JPMorgan Clients Are Piling Into US Stocks Ahead of Fed, CPIOn an unpredictable day for US monetary policy, stock traders are concerned about one thing: missing out on the next leg of a potential rally.
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Fed decision, May CPI, Broadcom earnings: What to WatchYahoo Finance's Julie Hyman and Josh Lipton break down the biggest stories investors should watch for on Wednesday, June 12. The Federal Reserve will...
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