Wall Street Resilient: Gold Rises as CPI Data Looms

Wall Street traders remained focused on upcoming inflation data, ignoring Donald Trump’s latest trade decision, as they awaited the July consumer price index (CPI) release. Futures for the Dow Jones Industrial Average saw minor gains, while Nasdaq 100 futures declined slightly, and S&P 500 futures fell. This comes ahead of the key CPI report, which will shape expectations for the Federal Reserve’s next interest rate decision. Economists predict a monthly rise of 0.2% and a year-over-year increase of 2.8% in core CPI – a measure that excludes food and energy. 0.3% month-on-month and 3.1% year-over-year, respectively.