Federal-funds futures on Wednesday were pointing to the Federal Reserve keeping its benchmark interest rate at the current level potentially until June, as traders assessed data showing that core U.S.
A consumer inflation report could reset interest-rate bets, while big bank reports will kick off earnings season.
Futures Jump, Yields Fall. S&P 500 futures surged 1.4% in premarket trade, up from about a 0.4% gain before the CPI inflation ...
U.S. stock futures were surging on Wednesday morning after the consumer-price index report showed inflation ticked up 0.4% in December, higher than the 0.3% forecast. But core inflation, which omits ...