S&P 500, Nasdaq futures edge higher ahead of key inflation test

- S&P 500 and Nasdaq futures inched up on Tuesday ahead of U.S. consumer prices data that could provide insight on whether inflation has eased enough for the Federal Reserve to lower borrowing costs in coming months.

Data showing signs of a robust economy slowed the stock market's rally last month, as traders pushed back expectations on the timing of the first Fed rate cut to June from March."January's lumpy CPI report has ensured that a lot of weight rests uncomfortably on this week's report with regard to when the Fed will begin cutting base rates," said Will Hobbs, head of UK multi-asset wealth, Barclays Private Bank & Wealth Management.

At 05:01 a.m. ET, Dow e-minis were down 11 points, or 0.03%, S&P 500 e-minis were up 10.5 points, or 0.2%, and Nasdaq 100 e-minis rose 68.5 points, or 0.38%.Oracle jumped 13.6% after the database giant beat quarterly profit estimates. The company also said it is set to make a joint announcement with Nvidia.

New York Community Bancorp climbed 3.4% after the lender said it had closed the $1 billion capital infusion deal that was agreed last week with an investor group and plans to submit one-for-three reverse stock split of its common stock to shareholders.For all the sage advice that Warren Buffett freely dispenses, it seems as if his personal investment philosophy violates the basic strategy that most financial advisors offer their clients, which is...

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