US Stock Futures Steady Ahead of Inflation Report
New York, NY - February 12, 2025 - US stock futures remained stable as investors eagerly anticipate the release of the January Consumer Price Index (CPI) report. The report will provide crucial insights into the Federal Reserve's interest rate decisions amid President Trump's impactful economic policies.
Nasdaq futures (NQ=F) gained 0.2%, while S&P 500 futures (ES=F) and Dow Jones futures (YM=F) remained unchanged.
CPI Report in Focus
The January CPI report is scheduled to be released on Wednesday at 8:30 a.m. ET. Economists project a 0.3% increase in consumer prices over the previous month, a slight slowdown from the 0.4% rise in December. Core prices, excluding food and energy, are anticipated to climb 3.1% year-over-year.
Powell Reasserts Cautious Stance
On Tuesday, Federal Reserve Chair Jerome Powell addressed Congress and reaffirmed the central bank's cautious approach to interest rate cuts in light of persistent inflation and policy uncertainties under the Trump administration.
Earnings Season Heating Up
Reddit (RDDT) will announce its earnings after market close on Wednesday, with Wall Street holding high expectations for the social media giant. Investors are also eagerly awaiting earnings from Robinhood (HOOD), as its stock recently hit a three-year high.
Tariffs and Market Volatility
Amid ongoing trade tensions, a recent report has revealed a decline in public trust in President Trump's handling of the economy. Reciprocal tariffs are expected to be imposed on several countries by this Friday.