*U.S. STOCK FUTURES RISE AFTER BANK ROUT, CPI DATA AWAITED $DIA $SPY $QQQ 🇺🇸🇺🇸
-U.S. stock index futures rose on Tuesday after a volatile session amid fears of a banking crisis, while investors looked ahead to an inflation report that could determine whether the central bank will pause its rate hikes in March.) has fueled fears of risks to the health of other banks from surging interest rates, hammering the sector and the broader market sentiment in the last few days.
They are largely expecting a 25-basis-point rate hike in March, while bets that the Fed would stay put stood at 27%.. A Reuters poll of economists showed that the U.S. Consumer Price Index likely increased by 0.4% last month after accelerating 0.5% in January amid sticky rental housing costs. "If we get a slightly poorer figure, people will then hope for an outright pause but if we get a better figure, people will say the Fed will probably do a quarter ," said Andrew Bell, chief executive officer of Witan Investment Trust.
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