The S&P 500 futures currently trade three points below fair value.
Just released, total CPI was up 0.2% month-over-month in January (Briefing.com consensus 0.3%) after increasing 0.3% in December. Core CPI, which excludes food and energy, was up 0.3% (Briefing.com consensus 0.3%) after increasing 0.2% in December.
On a year-over-year basis, total CPI was up 2.4% versus 2.7% in December, while core CPI was up 2.5% versus 2.6% in December.