US Futures Erase Gains After PPI

2026-03-18 12:49 By Andre Joaquim 1 min. read

Futures tracking US equities erased gains to hover below the flatline on Wednesday after fresh data indicated sharp traction in domestic producer prices, adding to concerns of higher rates by the Federal Reserve.

The three main averages were below the flatline.

Both headline and core producer inflation was sharply above expectation in February, reflecting traction before the energy shock in the Persian Gulf triggered a surge in energy costs this month.

Pro-inflationary concerns to inflation are expected to be reflected in economic projections by FOMC members to be released today together with an expected rate hold by the Federal Reserve.

The energy crunch was magnified on reports that Isreal hit Iranian natural gas processing plants.

Tech and financial companies were lower pre-market as yields rose across the curve, trimming their outperformances in the last session, especially in the asset management sector due to the opaque view on private credit.



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