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Oleksandr Pylypenko

S&P Futures Higher After April CPI is Released

United States Inflation Grab Jerome Powell Joe Biden US Federal Reserve CSCO Dole Eurostat MNDY

June S&P 500 E-Mini futures (ESM24) are trending up +0.45% this morning after the all-important U.S. consumer inflation report was released that will likely shape the outlook for Federal Reserve policy.

April's consumer-price index (CPI) rose 0.3%, below the 0.4% that was expected. The headline CPI increased 3.4% year-over-ear, which was in line with what was forecasted.

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