A man walks along Wall Street in New York September 18, 2008. REUTERS/Eric Thayer/File Photo
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- Futures: Dow up 0.1%, S&P down 0.2%, Nasdaq off 0.3%
Feb 10 (Reuters) – Futures tracking the S&P 500 and the Nasdaq slipped on Thursday after the indexes notched strong gains in the past two sessions, with investors awaiting U.S. inflation data that could trigger bets on quicker interest rate hikes.
The figures from the Labor Department, due at 8:30 am ET, will likely show consumer prices leapt 7.3% in January, a level reminiscent of the inflation shocks of the 1970s and 1980s, although Federal Reserve officials are holding out hope that the peak may be near. read more
Traders are betting the Fed will begin raising rates at its March meeting, with money markets certain of at least a quarter point hike next month, and giving 1-in-4 odds of a half point increase.
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Source: https://www.reuters.com/business/sp-500-nasdaq-futures-slip-ahead-inflation-data-2022-02-10/
