S&P 500 Futures Turn Negative After Hotter Inflation Data
Futures tied to the S&P 500 turned negative after the annual CPI reading rose 3.7%, above estimates, reducing confidence the Fed will hold rates unchanged at its October meeting.
S&P 500 futures moved into negative territory on Wednesday after an above-forecast inflation reading weakened expectations that the Federal Reserve would leave interest rates unchanged at its October meeting. 7% year over year, exceeding estimates.