U.S. stock market futures fell over 1% following the release of the Consumer Price Index (CPI) inflation report, which indicated a rise to its highest level since June 2024. This development has led to increased volatility in the markets, with the S&P 500 futures experiencing a notable decline. The 10-year Treasury yield also surged above 4.6%, reflecting investor concerns over inflation. The volatility index (VIX) has jumped as a result of the hotter-than-expected inflation data, signaling heightened market uncertainty.