Stock Futures Flat Ahead of Wednesday CPI Report
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- S&P 500, Nasdaq, and Dow futures were rangebound with little change, as CNBC and a third outlet both reported the market in a holding pattern ahead of the CPI release
- Wednesday's CPI report is the day's pivotal event, with investors using the inflation data to judge whether further rate hikes are possible, per all three outlets' coverage
Why it matters: With futures pinned near flat, the S&P 500, Nasdaq, and Dow are positioned for a sharp directional move once the CPI print lands — investors are using the inflation data specifically to judge rate hike possibilities, per CNBC's framing.
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