U.S. Futures Edge Lower Ahead of Earnings, Fed Meeting
U.S. futures edged lower early Monday as traders brace for a potential interest rate hike from the Federal Reserve.
The Federal Open Market Committee (FOMC) is convening on Tuesday and Wednesday. Economists expect the central bank to raise rates by one-quarter of a percentage point as part of its ongoing effort to tame inflation.
The January 2023 CPI data is scheduled for release on February 14 at 8:30 A.M. Eastern Time. The most recent CPI data reported inflation at 6.5% in December, the smallest annual increase since October 2021. The core CPI rose 0.3% last month following a 0.2% gain in November...
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