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S&P 500 Futures Edge Up as Inflation Expectations Reach Five-Month High
Futures were slightly higher after a University of Michigan survey showed year-ahead inflation expectations rising to 4.7% in October.
Key takeaways
- The University of Michigan survey put year-ahead inflation expectations at 4.7% in October.
- The October reading was a five-month high and came ahead of Wednesday’s CPI release.
US stock futures edged higher Tuesday as investors weighed a rise in inflation expectations. The University of Michigan survey put year-ahead expectations at 4.7% in October, a five-month high.
As of 08:29 UTC Tuesday, E-mini S&P 500 futures were at 7,859, up 0.01% since the previous close.
The reading came ahead of Wednesday’s US CPI release. The market update said persistent inflation expectations could push Treasury yields higher and put pressure on rate-sensitive stocks.
Topics
ES=FS&P 500University of Michigan
Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
