US equity futures jumped on the CPI report but are now back in positive territory, with S&P 500 futures slightly lower ahead of the open.A couple thoughts:1) The index jumped yesterday on no news, climbing 1.0%. There will be talk that CPI was leaked and this was a 'sell the fact' trade. I don't think the data leaked but there's plenty of reason to sell the fact and I believe the market moved beyond inflation awhile ago.2) The Fed is behind the curve. It's increasingly clear that growth is the main worry, not inflation. The ISM surveys are both below 50 and many economic data points have stumbled. The market may start to worry that the Fed isn't cutting as the economy slows, or isn't going t
Hence then, the article about us stock futures turn negative despite cpi drop was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( US stock futures turn negative despite CPI drop )