Markets Today: Stock Investors Tread Water Ahead of Wednesday’s U.S. CPI Report

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Morning Markets June S&P 500 futures (ESM23) this morning are up +0.05%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.08%. U.S. stock index futures this morning are mixed. The markets are awaiting Wednesday’s U.S. consumer price report for March to see if the Fed will need to keep raising interest rates. The consensus is for Wednesday’s Mar core CPI (ex-food and energy) to edge up to +5.6% y/y from February’s +5.5% y/y gain. Stocks are also awaiting Q1 earnings reporting season, which kicks off this Friday with earnings results from big U.S. banks, including Citigroup, JPMorgan Chase…

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