Outlook 09/11: Stock futures slip after latest U.S. inflation data release. The consumer price index report released Wednesday morning reflected a 0.2% increase in prices last month, with the annual inflation rate coming in at 2.5% — its lowest level since February 2021.The CPI was expected to increase 0.2% in the previous month and 2.6% from a year ago. Month over month core CPI — which does not include volatile food and energy prices — came out slightly hotter-than-expected, however. Traders bet a Fed that gives us a 25-basis-point rate cut because to give us a 50-basis-point cut will set off alarm bells and would also be an admission of guilt.
ESU24 (SEP2024): YVAH 5503 YPOC 5497 YVAL 5477 GAP 5502
/ES Plan: Yesterday market closed bullish (PBT 5545), but overnight, after CPI, looks more balanced, moving within previous value, so these're the opening and initial balance options for today:
