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Stock futures remained relatively unchanged as investors awaited a key inflation report. The October Consumer Price Index (CPI) data revealed that annual inflation was at 2.6%, with core prices rising 3.3%. Following the report, stock market indexes showed mixed performance. The S&P 500 and Dow Jones closed near the flatline as the postelection rally lost momentum, while the USD Index rose by 0.46%, hitting a two-year high. The data supported growing speculation that the Federal Reserve might cut interest rates in December. Asian shares also drifted higher in response to the inflation data.
US stocks ended mixed after the latest inflation data supported bets that the Federal Reserve will cut interest rates in December https://t.co/RMgYJw2mtW https://t.co/vvoidanxjc
Wall Street closed mixed after inflation data showed a slight increase, raising bets that the Fed will cut rates in December. The USD Index up 0.46%, hitting a two-year high. $BTC retreated 0.27% after breaching the $90k level. ASX to rise.
The Dow and the S&P 500 rose slightly Wednesday after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S. Federal Reserve will cut interest rates in December. https://t.co/kFXTqlsOa8
