A Labor Department report showed the Consumer Price Index was unchanged on a monthly basis, where it was expected to rise 0.1%. On an annual basis, inflation rose 3.3%, lower than economists’ expectation of a 3.4% increase.
CPI, excluding volatile food and energy prices, rose 0.2% compared with expectations of a 0.3% rise, while core inflation rose 3.4% on an annual basis versus a forecast of 3.5%.
At 8:34 a.m. ET, Dow e-minis were up 234 points, or 0.6%, S&P 500 e-minis were up 40.25 points, or 0.75%, and Nasdaq 100 e-minis were up 187.75 points, or 0.98%.
Source: Economy - investing.com
