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Stock futures are all in the green early Wednesday as traders factor in tame March inflation data. A hotter-than-expected number may not result in a big pullback, given the recent consolidation, said value investor and New York University Professor Aswath Damodaran.
Wall St stocks have held up remarkably well in the face of the renewed interest rate angst of the past week but Wednesday's March inflation readout may now be make or break from here. A late bounce for the S&P500 on Tuesday saw the index close in positive territory and stock futures tick higher ahead of the consumer price report later today. The core annual CPI rate is expected to have ticked a tenth of a percentage point lower to 3.7% last month even if headline rates likely picked up steam.
FROSTBURG — Thomas Barkin, president and CEO of the Federal Reserve Bank of Richmond, is optimistic that the economy will remain strong and inflation can be kept under control.
A look at the day ahead in U.S. and global markets from Mike Dolan Wall St stocks have held up remarkably well in the face of the renewed interest rate angst of the past...
The USD is mixed to lower ahead of the US CPI data