S&P 500 Futures Rally Turns into Gain, Traders Up Bets on Fed Rate Cut

BlockBeats News, January 13th, after the release of the US December CPI data, US stock index futures rose and reversed gains, with Dow futures now up 0.14%, the S&P 500 index up 0.2%, and Nasdaq futures up 0.23%.

US short-term interest rate futures surged significantly after the inflation data was released, with traders further increasing their bets on a Fed rate cut. (Kryptonian)