{"id":23080,"date":"2023-09-14T07:53:58","date_gmt":"2023-09-14T07:53:58","guid":{"rendered":"https:\/\/www.xtreamforex.com\/?p=23080"},"modified":"2023-09-14T07:53:58","modified_gmt":"2023-09-14T07:53:58","slug":"steady-stock-futures-ahead-of-inflation-report","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/MU\/steady-stock-futures-ahead-of-inflation-report\/","title":{"rendered":"Steady Stock Futures Ahead of Inflation Report"},"content":{"rendered":"<h1><strong>Steady Stock Futures Ahead of Inflation Report<\/strong><\/h1>\n<p><span style=\"font-weight: 400;\">Stock futures exhibited little change as investors geared up for the release of the August producer price index, a key indicator of wholesale inflation. Futures linked to the Dow Jones Industrial Average increased by a mere 11 points, equivalent to a 0.03% gain. S&amp;P 500 futures saw a slightly stronger uptick of 0.09%, while Nasdaq 100 futures inched 0.1% higher.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The prior trading day had been mixed, with the Dow, comprising 30 major <a href=\"https:\/\/www.xtrememarkets.com\/mu\/stocks\/\"><strong>stocks<\/strong><\/a>, declining for the second consecutive day, resulting in a 0.2% drop primarily due to 3M&#8217;s performance. On the other hand, the Nasdaq Composite closed with nearly a 0.3% gain, and the S&amp;P 500 added 0.1%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A significant event on traders&#8217; radar was the August Consumer Price Index (CPI) report, which had a notable impact on market sentiment. The core CPI, excluding food and energy costs, registered a 0.3% increase from the previous month and a 4.3% rise compared to last year. These figures slightly exceeded expectations, as economists had projected a 0.2% increase month-over-month and a 4.3% year-over-year rise. Headline inflation, which includes all items, surged by 0.6% on a monthly basis and 3.7% on a yearly basis, in line with market expectations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the CPI data, it&#8217;s unlikely to alter the Federal Reserve&#8217;s approach at its upcoming policy meeting, scheduled to commence on September 19. Fed funds futures pricing data from Wednesday indicated a 97% probability that interest rates would remain unchanged next week, according to the CME FedWatch Tool.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nevertheless, even if the central bank opts to keep rates steady this time, market volatility is expected to persist in the coming months. According to Fed funds futures pricing data, there&#8217;s approximately a 48% chance that rates will increase at the November meeting. Alex McGrath, Chief Investment Officer at NorthEnd Private Wealth, noted, &#8220;We believe volatility will be with us through year-end as the risk-on assets that dragged the market higher through 2023 will begin to look expensive in the face of elevated yields.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking ahead, another critical inflation metric, the August Producer Price Index (PPI), is scheduled for release on Thursday. Economists polled by Dow Jones anticipate a 0.4% increase for August, following a surprising 0.3% rise in wholesale prices in July. Additionally, retail sales data is expected before the market opens.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steady Stock Futures Ahead of Inflation Report Stock futures exhibited little change as investors geared up for the release of the August producer price index, a key indicator of wholesale inflation. Futures linked to the Dow Jones Industrial Average increased by a mere 11 points, equivalent to a 0.03% gain. S&amp;P 500 futures saw a<\/p>\n... <a href=\"https:\/\/www.xtrememarkets.com\/MU\/steady-stock-futures-ahead-of-inflation-report\/\">continue reading<\/a>.","protected":false},"author":3,"featured_media":23081,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[265,617,19,24,616,270,148,22,201],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Steady Stock Futures Ahead of Inflation Report<\/title>\r\n<meta name=\"description\" content=\"Stock futures exhibited little change as investors geared up for the release of the August producer price index, a key indicator of wholesale inflation.\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/MU\/steady-stock-futures-ahead-of-inflation-report\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" 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