U.S. Stock Futures Are Lower And Yields Are Mixed After January CPI Data
U.S. stock futures are lower. Futures are moving lower and Yields are mixed after January CPI data showed that inflation rose 0.5% month-over-month (6.4% year-over-year) slightly above expectations of a 0.4% increase (6.2% year-over-year). Investors are continuing to weigh the impact of inflation data on the trajectory of monetary policy. Asian markets closed mixed and European markets are higher in afternoon trading. The US dollar and Crude are both moving to the downside while gold is moving higher. Tomorrow morning retail sales and industrial production data will be released before the opening bell.