Stock Futures Flat in Lead up to CPI Inflation Data
Posted on AllSides April 9th, 2024
From The Right
All three major indexes had a flat finish on Monday, as a rise in Treasury yields after a blowout jobs report last week kept gains in check. The focus will be on the March reading of the U.S. Consumer Price Index (CPI), due on Wednesday, that is expected to show a rise in headline inflation to 3.4% year-on-year, from 3.2% in February. The core figure, which excludes volatile components such as food and energy, is expected to ease to 3.7% year-on-year, versus 3.8% in February. Amid signs of a robust...
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