US Futures Edge Higher on Soft CPI
2026-07-15 00:02
By
Jam Kaimo Samonte
1 min. read
US stock futures edged higher on Wednesday after the major indexes posted gains in the previous session, as softer-than-expected inflation data reduced expectations of a near-term Federal Reserve interest rate hike.
The annual US inflation rate slowed to 3.5% in June from 4.2% in May, coming in below forecasts of 3.8% as lower oil prices helped curb energy inflation.
Consumer prices also declined 0.4% from the previous month, marking the first monthly drop since 2020.
In Tuesday’s regular session, the S&P 500 and Nasdaq Composite rose 0.38% and 0.9%, respectively, while the Dow added 0.02%.
Six of the 11 S&P sectors ended in positive territory, with technology, communication services, and energy leading the gains.
Banking stocks also advanced following another round of strong quarterly earnings.
Investors are now awaiting another wave of corporate results on Wednesday, including earnings from Johnson & Johnson, Morgan Stanley, and BlackRock.