Amidst a much expected data on inflation, Tuesday’s stock futures were quiet.
Dow Jones Industrial Average-linked futures decreased by merely 12 points. While Nasdaq-100 futures increased by 0.2%, S&P 500 futures remained on the verge of flatness.
At 8:30 a.m. ET, the reading for the October consumer price index will be made public. Investors will analyse the data in an effort to gain understanding of the inflationary trajectory and shape future expectations for the Federal Reserve’s interest rate changes.
According to Dow Jones polled economists, the index will rise by 0.1% from the previous month and by 3.3% annually. If we take away the more erratic prices of food and energy, the so-called core index is predicted to increase by 4.1% and 0.3% every month.