{"id":1970487,"date":"2023-07-12T08:00:02","date_gmt":"2023-07-12T12:00:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-inch-up-in-cautious-optimism-ahead-of-inflation-data\/"},"modified":"2023-07-12T08:01:50","modified_gmt":"2023-07-12T12:01:50","slug":"futures-inch-up-in-cautious-optimism-ahead-of-inflation-data","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-inch-up-in-cautious-optimism-ahead-of-inflation-data\/","title":{"rendered":"Futures rise cautiously ahead of inflation data."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffutures-inch-up-in-cautious-optimism-ahead-of-inflation-data%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1970487&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>U.S. Stock Index Futures Rise as Investors Hope for Decline in Inflation<\/strong><\/p>\n<p>U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-edge-higher-as-investors-gird-for-another-big-rate-hike\/\" title=\"Futures edge higher as investors gird for another big rate hike\">stock index futures edged higher<\/a> on Wednesday as investors were hopeful of a further decline in inflation which could temper the Federal Reserve\u2019s hawkish stance on monetary policy.<\/p>\n<p>Data due at 8:30 a.m. ET is expected to show consumer prices eased further to an over two-month low of 3.1% in June after a 4.0% rise in May, as per economists polled by Reuters. Core prices are seen slipping to 5% from 5.3% a month earlier. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>\u201cToday\u2019s CPI report is seen as pivotal because it could determine whether one more Fed hike for the road is going to prove enough,\u201d Elwin de Groot, head of macro strategy at Rabobank, wrote in a note.<\/p>\n<p>\u201cYet there is sufficient reason to remain cautious as core inflation recently has been more persistent than it has been historically.\u201d<\/p>\n<p>Supporting megacap growth and technology stocks, rate-sensitive two-year and 10-year Treasury yields slipped ahead of the data.<\/p>\n<p>A jobs report last week hinted at a still<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kerosene-on-the-fire-obama-adviser-says-biden-spending-agenda-is-worsening-inflation\/\" title=\"\u2018Kerosene On The Fire\u2019: Obama Adviser Says Biden Spending Agenda Is Worsening Inflation\">-tight labor market<\/a>. But traders took comfort in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-inch-up-in-cautious-optimism-ahead-of-inflation-data\/\" title=\"Futures rise cautiously ahead of inflation data.\">central bank policymakers\u2019 comments<\/a> that the Fed was nearing the end of its tightening cycle, and Wall Street closed the last two sessions higher.<\/p>\n<p>Investors have priced in 92.4% odds of the Fed hiking rates by 25 basis points later this month to a 5.25%-5.50% range, according to CME Group\u2019s Fedwatch tool. They see the Fed holding rates through the end of 2023. <\/p>\n<p>During the day, investors will also parse remarks by a number of Fed officials, including Minneapolis Fed President Neel Kashkari, who is a voting member this year.<\/p>\n<p>At 5:53 a.m. ET, Dow e-minis were up 50 points, or 0.15%, S&#038;P 500 e-minis were up 8.5 points, or 0.19%, and Nasdaq 100 e-minis were up 36 points, or 0.24%.<\/p>\n<p>Focus will shift to second-quarter earnings season later this week, with Wall Street lenders expected to report higher profits for the quarter as rising interest payments offset a reduction in dealmaking.<\/p>\n<p>Netflix inched up 0.6% in premarket trading after brokerage UBS raised its target price on the streaming service provider.<\/p>\n<p>Nvidia added 0.6% after the Financial Times reported that chip designer Arm is in talks to bring the megacap firm in as an anchor investor ahead of its planned listing.<\/p>\n<\/p>\n<p> (Reporting by Johann M Cherian in Bengaluru; Editing by Shinjini Ganguli)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/futures-inch-up-in\/attachment\/traders-work-on-the-floor-of-the-nyse-in-new-12\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Trump&#8217;s Documents Trial Postponed Until After 2024 Election<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Rudy Farias Reappears After 8 Years of Being Reported Missing<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Riverton, Utah Mayor Trent Staggs Discusses His Campaign<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Don&#8217;t Miss the Documentary on EpochTV<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>&#8220;Special Rebalance&#8221; of Nasdaq 100 Index to Take Place<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>EU Banking Watchdog Urges Stablecoin Issuers to Comply with Guiding Principles<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>China&#8217;s Major Tech Companies Lose Over $1 Trillion in Value<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Cboe Global Markets Files Applications to List and Trade Shares<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock index futures rose as investors anticipated a drop in inflation, potentially influencing the Federal Reserve&#8217;s monetary policy. Expected data suggests consumer prices may decrease to 3.1% in June, the lowest in over two months.<\/p>\n","protected":false},"author":66,"featured_media":1970488,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1970487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1970487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1970487"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1970487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1970488"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1970487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1970487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1970487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}