Futures Are Rebounding This Morning Seeking to Recover from Last Week's Losses

U.S. stock futures are higher. Futures are rebounding this morning, seeking to recover from last week's losses triggered by unexpectedly high consumer and producer inflation figures for February. Yields, after climbing higher last week, are holding steady. Investors are now focusing on the upcoming two-day March FOMC meeting, concluding with Chairman Powell's press conference on Wednesday afternoon. The Federal Reserve is widely expected to leave the Federal funds rate unchanged. Additionally, Wednesday will see the release of a new Summary of Economic Projections by the Fed, offering insight into updated forecasts from Fed Governors regarding the unemployment rate, real GDP growth, inflation, and the Federal funds rate. Overnight, Asian markets rose, buoyed by the Japanese Nikkei Index's impressive 2.5% climb in anticipation of the upcoming Bank of Japan meeting. Meanwhile, European markets are mostly on the rise, with attention turning to the impending BOE meeting later this week. Gold prices are edging upwards, nearing historical highs, while crude prices are also rising, firmly holding above the $81 per barrel mark following last week's gains. The U.S. Dollar Index is little changed. 

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