Stock Market Update
13-Feb-26 09:04 ET
Futures point to slightly higher open following January CPI
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +10.00. Nasdaq futures vs fair value: +45.00.
Equity futures now point to a modestly higher opening this morning following the January CPI release.
Total CPI increased 0.2% month-over-month in January (Briefing.com consensus: 0.3%) and was up 2.4% year-over-year, versus 2.7% for the 12 months ending in December. Core CPI, which excludes food and energy, increased 0.3% month-over-month (Briefing.com consensus: 0.3%) and was up 2.5% year-over-year, versus 2.6% for the 12 months ending in December.
The key takeaway from the report is that it showed some encouraging disinflation on a year-over-year basis, which the market will perceive as an opening for the Fed to consider additional rate cuts even with GDP growth running above potential.
