The S&P 500 futures now trade 20 points above fair value immediately following the release of the July Consumer Price Index.
Total CPI increased 0.1% (Briefing.com consensus 0.1%) month-over-month in July following a 0.4% decrease in June.
Core CPI, which excludes food and energy increased 0.2% (Briefing common consensus 0.2%) after an unchanged reading in June