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U.S. Stock Futures Steady After Cooler Inflation Data
U.S. stock futures showed resilience in premarket trading, paring earlier losses following a cooler-than-expected inflation report. The March Consumer Price Index (CPI) rose by 2.4% year-over-year, below the anticipated 2.6%, while the core CPI, excluding food and energy, increased by 2.8%, compared to estimates of 3%.
This data has bolstered expectations that the Federal Reserve may stay on course to reduce interest rates later this year. At 8:31 a.m. ET, Dow E-minis were down 1.06%, S&P 500 E-minis fell 1.44%, and Nasdaq 100 E-minis dropped 1.81%.
The report also highlighted a slight monthly decline of 0.1% in inflation, signaling a potential easing of price pressures. Investors remain cautiously optimistic as they assess the implications for monetary policy and market stability.
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