Outlook 03/12: U.S. stock futures tick higher after CPI report. Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to lower interest rates. The consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago. The monthly gain was in line with expectations, but the annual rate was slightly ahead of the 3.1% forecast. While the 12-month pace is off the inflation peak in mid-2022, it remains well above the Fed’s 2% goal as the central bank approaches its two-day policy meeting in a week.
/ESM24 (JUN 2024): YVAH 5189 YPOC 5181 YVAL 5172 GAP 5188
/ES Plan: Yesterday market closed bullish, and overnight continues on that way, moving above value and range, so these're the opening and initial balance options for today:
