Investors Await Inflation Data and Fed's Next Move
TL;DR Summary
US equity futures and European stocks rose as investors awaited US inflation data that could impact the Federal Reserve's next policy move. The core reading is expected to ease, supporting market expectations that the Fed will deliver one more rate hike before a pause and pivot to easier policy in the second half of the year. The dollar weakened against most of its Group-of-10 peers, while the euro advanced for a second day. Swap contracts are pricing in about three-in-four odds of another quarter-point Fed hike next month.
- Stocks Edge Up in Holding Pattern Before Inflation: Markets Wrap Yahoo Finance
- Treasury yields rise as investors await inflation data CNBC
- Dow Futures Edge Up Ahead of CPI, Fed Minutes The Wall Street Journal
- CPI report on inflation released today: Follow for live updates USA TODAY
- Will the Fed Hike Interest Rates in May then Cut in July? Mish Talk
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