FX.co ★ US Futures Steady Ahead of Key Inflation Data

US stock futures remained steady on Monday as market participants anticipated key inflation data set for release this week, which may impact the future trajectory of interest rates. The Consumer Price Index (CPI) will be reported on Tuesday, followed by the Producer Price Index (PPI) on Thursday. These data releases precede the Federal Reserve's annual Jackson Hole symposium occurring from August 21-23 in Wyoming, an event likely to guide the framework for the upcoming September policy meeting. In the previous week, the Dow increased by 1.35%, the S&P 500 advanced 2.43%, and the Nasdaq Composite surged 3.87%. These gains were driven by robust corporate earnings that propelled market momentum, with investors largely dismissing the introduction of President Donald Trump’s significant retaliatory tariffs. Additionally, rising expectations for a potential Federal Reserve rate cut in September, with another possible reduction in December, further bolstered the market's optimistic outlook.