CPI Report Looms Over Markets as Nasdaq Drops 0.7% Before 8:30 ET Release
Updated
Updated · moomoo.com · Aug 12
CPI Report Looms Over Markets as Nasdaq Drops 0.7% Before 8:30 ET Release
3 articles · Updated · moomoo.com · Aug 12
Summary
U.S. markets are bracing for sharp moves after the CPI report at 8:30 a.m. ET, with traders treating the inflation print as a key test for the Fed’s next policy step.
Major indexes already pulled back ahead of the release, signaling de-risking: the Nasdaq fell 0.70%, the S&P 500 0.32%, and the Dow 0.34%.
The report is expected to drive immediate volatility across stocks, bonds, currencies and commodities, depending on whether inflation comes in hotter or softer than forecasts.
Currency markets were also subdued, with the dollar little changed and Fed funds futures split between a 52% chance of unchanged rates and a 48% chance of a quarter-point hike by Sept. 16.