Markets pause as Iran peace talks stall and inflation data loom
TL;DR Summary
U.S. stock futures drift lower as talks between the U.S. and Iran stall ahead of a key U.S. CPI release; oil prices climb above $105 on Middle East tensions, keeping inflation concerns in play as investors look for clues on the Fed’s next move. April CPI is expected to rise to about 3.7% year over year and 0.6% month over month, with a 2.7% core rate; headlines also include Republican scrutiny of OpenAI CEO Sam Altman.
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