Dow futures rise as Wall Street and the Fed brace for updates on how much Trump’s tariffs are stoking inflation
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The consumer price index for July will come out on Tuesday, and Wall Street expects a 0.2% monthly overall increase and a 0.3% uptick in the core CPI.
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real estate
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August 10, 2025
10:53 PM
Fortune
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Economy·InflationDow futures rise as Wall Street and the Fed brace for on how much Trump’s tariffs are stoking inflationBy Jason MaBy Jason MaWeekend EditorJason MaWeekend EditorJason Ma is the weekend editor at Fortune, where he covers , the economy, finance, and housing.SEE FULL BIO Traders work on the floor at the New York Stock Exchange on Friday.Michael Nagle—Bloomberg via Getty ImagesU.S. stocks were poised to add to recent gains as futures on Sunday ticked higher ahead of crucial inflation reports due in the coming week
The consumer price index comes out on Tuesday, and the ducer price index s on Thursday
They will vide fresh clues on how much President Donald Trump’s tariffs are impacting inflation. were pointing toward another rally on Sunday evening as investors brace for fresh economic data that will der new clues on how much President Donald Trump’s tariffs are impacting inflation
Stocks closed the prior week on a positive note, with the Nasdaq hitting a new closing high and the S&P 500 nearing a return to its record
Futures tied to the Dow Jones Industrial Average rose 68 points, or 0.15%
S&P 500 futures were up 0.13%, and Nasdaq futures added 0.09%
The yield on the 10-year Treasury was flat at 4.285% after plunging last week on greater expectations for Fed rate cuts
The U.S. dollar was down 0.02% against the euro and up 0.02% against the yen
Gold fell 0.93% to $3,458.90 per ounce, with waiting for clarification from the Trump administration on how Swiss gold will be tariffed
U.S. oil prices dropped 0.39% to $63.63 per barrel, and Brent crude fell 0.32% to $66.38
So far, Trump’s tariffs haven’t duced a spike in inflation, which has been coming in below forecasts for months
But es have drawn down stockpiles that were built up before the import taxes went into effect, meaning new inventory has been costlier
Earnings reports for the second quarter have indicated that some companies are absorbing a significant amount of the added costs instead of passing them onto to consumers, who have shown sign of pressure as the economy and hiring slow
Meanwhile, the Federal Reserve has held off on rate cuts while it waits to see how much tariffs are impacting inflation—and if they are tilting consumers’ longer-term views on inflation
The consumer price index for July will come out on Tuesday, and Wall Street expects a 0.2% monthly overall increase and a 0.3% uptick in the core CPI
On a year-over-year basis, prices are expected to accelerate to 2.8% growth from 2.7% in June in the headline rate and heat up to 3.1% growth from 2.9% in the core rate
The ducer price index s on Thursday, and analysts see a 0.2% monthly increase in the headline PPI and a 0.3% bump in the core PPI
Meanwhile, several Fed officials are scheduled to speak throughout the week
That’s as the central bank is getting another dovish vote with the appointment of Stephen Miran as governor
Despite the White House’s attacks on the Fed, Trump’s demands for it to lower rates, and the recent firing of the head of the Bureau of Labor Statistics, Wall Street remains upbeat on stocks
Morgan Stanley’s Mike Wilson said last week a new bull market has started after previously forecasting that the S&P 500 could reach 7,200 by mid-2026
Wilson’s view is part of an increased sense of optimism among other top analysts as fears over tariffs ease with the signing of several trade deals
Last month, Oppenheimer chief investment strategist John Stoltzfus hiked his S&P 500 price target for this year to 7,100 from 5,950, reinstating the outlook he initially made in December 2024
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