Outlook 01/14: Stock futures rise after light inflation report. The producer price index, which measures wholesale inflation, increased just 0.2% in December. Economists had estimated a 0.4% rise. Core PPI, which excludes food and energy, was flat. Investors are now looking toward Wednesday’s consumer price index report for insights on the Federal Reserve’s next move on interest rate policy. A strong inflation number adds to this idea of no cuts in 2025, and potentially even a rate hike. Fed funds futures trading suggests a near-certainty that the Fed will hold steady on interest rates at the conclusion of its two-day meeting later this month. Markets pricing also suggests an 75.9% chance of rates staying at their current target range of 4.25%-4.5% in March.
ESH25 (MAR2025): YVAH 5854 YPOC 5829 YVAL 5813 GAP 5878
/ES Plan: Yesterday market closed bullish, and overnight continues on that way, moving above previous value/range, so these're the opening and initial balance options for current session:
