Stock Futures Stay Lower Despite Cooling Inflation

Stock Futures Stay Lower Despite Cooling Inflation

Stock futures barely reacted to an inflation update that would have been great news for the Federal Reserve, if it weren’t for looming tariffs.

The consumer price index for March rose at a 2.4% annual rate, down from 2.8% in February. But given President Donald Trump’s steep tariffs on China, consumer prices could rise in the months ahead.

S&P futures were down 1.9%. Nasdaq 100 futures were down 2.3%. Dow futures were down 1.5%. All three briefly popped before pulling back again.