Traders are anticipating the release of the consumer-price index (CPI) today at 8:30 a.m. ET. Economists predict a 0.4% rise in the CPI for April, similar to March. The producer-price index (PPI) for April came in higher than expected, although the March reading was revised downward. Federal Reserve Chair Jerome Powell expressed some uncertainty about the inflation outlook but still expected a decrease. April’s retail sales data and earnings from Cisco Systems are due on Wednesday. Stock futures remain steady, and the Nasdaq Composite closed at a new all-time high. The 10-year Treasury yield saw a slight decrease, while front-month copper futures continue to surge.
