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Stock market today: US futures tread water ahead of key inflation print

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Headline Inflation News

Core Inflation,Federal Reserve

Investors are looking to the March CPI inflation report to help settle the debate over timing and depth of Fed rate cuts.

US stocks meandered before the bell on Wednesday, still going nowhere in the wait for a crucial inflation reading that could ease worries interest rates will stay higher for longer. Futures on the Dow Jones Industrial Average nudged 0.1% higher, while those on S&P 500 and the tech-heavy Nasdaq 100 hugged the flatline.

4%, which would be unchanged from February. Core inflation — which strips out food and energy prices — is seen as rising 3.7% on the year, a slowdown from 3.8% growth the previous month. A hotter-than-expected reading may well weigh on stocks, while signs of cooling could give impetus to a market that has lost its mojo since starting the year with a bang.

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