FX.co ★ US Futures Steady Ahead of CPI Report

U.S. stock futures remained stable on Tuesday as investors anticipated the release of the latest consumer inflation data, which could potentially impact the Federal Reserve's interest rate decisions. Currently, the market is reflecting an almost 90% likelihood of a rate cut during the Fed's September meeting. On Monday, the Dow Jones Industrial Average decreased by 0.45%, the S&P 500 declined by 0.25%, and the Nasdaq Composite dropped by 0.3%, with most sectors experiencing weakness. Out of the 11 sectors in the S&P 500, eight recorded losses, with energy, real estate, and technology experiencing the most significant declines. This downturn occurred even as President Donald Trump announced an extension of the 90-day suspension on tariffs for Chinese goods. Additionally, Trump revealed a deal obliging Nvidia and AMD to share 15% of their revenue from specific AI chip sales to China and confirmed that gold imports, including Swiss bars, would remain exempt from tariffs, alleviating concerns in the precious metals market.