US stock futures creep higher with inflation, earnings on tap
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US stock index futures rose after Wall Street bounced past hotter-than-expected payrolls data. Traders scaled back expectations that the Federal Reserve will cut interest rates by as soon as June. S&P 500 Futures rose 0.1% to 5,258.0 points, while Nasdaq 100 Futures rose 0.1% to 18,318.50 points. Dow Jones Futures rose 0.16% to 39,286.0 points. Wall Street indexes ended higher on Friday despite the stronger-than-expected payrolls data. Focus is now on CPI data for March, due on Wednesday. The reading is expected to show some cooling in inflation but remain well above the Federal Reserve's 2% annual target. Q1 earnings season begins this week, with major U.S. lenders and asset managers reporting. Inflation is expected to rise for a third time since December. Weekly charts point to a recession/black swan event. Institutions have been selling into the rally harder than in the past 3 years. Wednesday's CPI Index estimate is at 312.18, up from 310.33, equating to an annual inflation rate of +7.15%.

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