Stock Market Today – 5/10: Stocks Higher Ahead of April Inflation Data; Crypto In Focus As TerraUSD Plummets

U.S. equity futures moved higher Wednesday, while the dollar eased and Treasury bonds steadied, as investors looked to a key reading of domestic inflation prior to the start of trading to provide relief from the market’s ongoing weakness.

April inflation pressures are expected to have eased modestly from the early 1981 highs recorded over the month of March, although it remains to be seen as to whether that will signal both a peak in U.S. inflation pressures and change in Federal Reserve’s vow to bring consumer prices down through a series of interest rate hikes and bond sales that comprise the most aggressive central bank tightening in a generation.

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