GoKawiilIn this article .SPX Follow your favorite stocks CREATE FREE ACCOUNT
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. We may be only fresh off the World Cup, but JPMorgan is already investing around the 2028 Los Angeles Olympics. Stock futures inch higher this morning after a losing day. Here are five key things investors need to know to start the trading day:
1. Pricing pressures
People shop for groceries at a Wegman's store in Brooklyn on July 13, 2026 in New York City. Spencer Platt | Getty Images
July's consumer price index is due out this morning. If the monthly reading comes in modestly, it could give the Federal Reserve justification to not hike interest rates in the near term. Here's what to know: Economists expect headline CPI to show a 0.1% for a 12-month gain of 3.4%, well above the Fed's 2% goal.
Depending on where the core monthly print comes in, JPMorgan believes the market could be in for notable swings.
Most traders on Kalshi don't expect the annual figure to be higher than economists forecast.
The S&P 500 second straight day heading into the report, weighed down as oil prices continued rising amid uncertainty around the U.S.-Iran conflict.
second straight day heading into the report, weighed down as oil prices continued rising amid uncertainty around the U.S.-Iran conflict. Stock futures are up this morning heading into the release. Follow live markets updates here.
2. Primary question
... continue reading