Stock futures are little changed as investors brace for key inflation data: Live updates

Published On Dec 10, 2024, 6:01 PM

Stock futures are relatively unchanged as market participants await crucial inflation data, specifically the consumer price index (CPI) for November, which is set to be released soon. Economists are predicting a monthly inflation increase of 0.3% and a year-over-year increase of 2.7%. In addition, there is significant anticipation regarding the Federal Reserve's upcoming policy meeting, where markets expect a high likelihood of interest rate cuts. Recent trading activity has seen some pressure in the markets, reflecting a cautious stance among investors as they await these key economic indicators.

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Positive

If the CPI data comes in aligned with or lower than expectations, it may lead to positive sentiment in the markets, further supporting the case for potential rate cuts by the Federal Reserve. Conversely, higher than expected inflation could lead to a negative reaction. Given current market expectations and the overall trend leading up to this data release, a slight upward movement in market indices is anticipated if the data is positive.

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