US stock futures fell, Treasuries and the dollar stabilized, ahead of the release of inflation data expected today.
According to analysts forecasts, inflation is likely to fall below 3% after the December reading of 3.4%.
There will also be earnings reports for some companies, including Coca-Cola and Biogen, before the opening bell, and Robinhood, Airbnb, YAIG and Lyft at the end of the trading day.
Today's inflation data is very important because it could pave the way for the timing of the Fed's move to cut interest rates.
Nasdaq futures fell by 0.6%, while contracts in the S & P 500 index fell by 0.3%, continuing from yesterday's highs near 5050 points.
Also, the inflation report, the first reading of which is expected to show less than 3% year-on-year of headline inflation since March 2021, may not be enough to justify a more rapid shift to monetary easing. Employment, manufacturing and economic growth in the United States are on the upside, and it has proven to be able to withstand the fastest interest rate increases.
Derivatives markets are pointing to the first full-fledged interest rate cut in June, with three more cuts in 2024, bringing the federal funds rate down by one percentage point by December.
