U.S. Stock Futures Are Higher As The December CPI Numbers Largely Matched Expectations

U.S. stock futures are higher. The December CPI numbers largely matched expectations. The report showed that inflation increased 0.1% month-over-month with the core rate (ex-food and energy) showing an increase of 0.3% month-over-month. Treasury yields and the US dollar are ticking lower after the announcement. European markets are trading higher and Asian markets also finished higher. Weekly jobless claims came in at 205k which was below expectations of 215k. The earnings calendar will heat up tomorrow morning with a group of large financial services companies scheduled to report quarterly results.

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