S&P Futures are showing gains this morning ahead of this morning's CPI release. Estimates are for a year-over-year increase of 7%. The CPI data is used by the FOMC for determining the path of interest rates. China's CPI data came in lower than expected overnight. Fed Chairman Powell's comments yesterday in front of the Senate Banking Committee were not as hawkish as expected resulting in a positive reaction from the equity markets.
Create your
podcast in
minutes
It is Free