Outlook 08/12: Stock futures tick higher after lighter-than-expected inflation data. The consumer price index rose 2.7% on an annualized basis in July, lower than 2.8% estimated. So-called core CPI, which strips out volatile food and energy prices, increased by 3.1% year on year, slightly more than the expected 3%. Investors were betting that this inflation report was tame enough for the Federal Reserve to cut interest rates multiple times this year. The market is currently pricing in a nearly 91% chance of a rate cut next month. That’s up from a 85% chance before the data release. Traders also increased their bets on rate cuts in October and December. The report comes as traders weigh the latest developments on the tariff front. President Donald Trump said Monday he’d extend a 90-day pause on higher levies on Chinese goods.
ESU25 (SEP2025): YVAH 6423 YPOC 6414 YVAL 6404 GAP 6397
/ES Plan: Yesterday market closed bearish, but overnight, after CPI data, looks bullish, moving above previous value, so these're the opening and initial balance options for current session:
