The S&P 500 futures currently trade 32 points above fair value.
Just released, total CPI decreased 0.4% month-over-month in June (Briefing.com consensus: -0.1%), from a prior increase of 0.5%.
Core CPI, which excludes food and energy, was flat month-over-month (Briefing.com consensus: 0.2%) after a previous increase of 0.2%.