Stock Market Update
24-Oct-25 09:15 ET
Futures point to higher open, major averages challenge record highs
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +41.00. Nasdaq futures vs fair value: +221.00.
The major averages are on track to challenge their record-high levels, as easing from the Fed, strong earnings growth, and trade deal optimism push futures higher.
Total CPI was up 0.3% month-over-month in September (Briefing.com consensus 0.4%) following a 0.4% increase in August. Core CPI, which excludes food and energy was up 0.2% (Briefing.com consensus 0.3%) after rising 0.3% in August.
On a year-over-year basis, total CPI was up 3.0% versus 2.9% in August, while core CPI was also up 3.0%, versus 3.1% in August. These readings remain above the Fed's 2.0% PCE inflation target.
The key takeaway from the report is that CPI and Core CPI were both cooler than expected, which will keep the market thinking that the FOMC will announce a 25-basis point rate cut at the conclusion of next week's policy meeting and should not upset expectations for another cut in December.
