US Stock Futures Steady After S&P 500 Hits All-Time High

US stock futures were steady on Wednesday after the S&P 500 wrapped up another all-time high , as investors shrugged off sticky inflation data to focus on fresh economic updates ahead. Futures on the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) hovered just above the flatline on the heels of Tuesday's sharp across-the-board gains. Contracts on the tech-heavy Nasdaq 100 (^NDX) were also little changed.

Stocks rallied amid continued optimism that the Federal Reserve will start to cut interest rates within months despite February's hotter-than-estimated reading on core consumer inflation. That alone could prompt policymakers to stay cautious about easing up on borrowing costs when the Fed holds its monthly policy meeting next week. But with the US economy outstripping Wall Street's forecasts, investors are keeping their hopes warm until they get wholesale inflation and retail sales data on Thursday. On the crypto front, bitcoin (BTC-USD) was changing hands at around $73,290, continuing a rally that has lifted its price almost 75% this year so fa

US Stock Futures S&P 500 All-Time High Inflation Data Economic Updates Federal Reserve Interest Rates Core Consumer Inflation Borrowing Costs US Economy Wall Street Forecasts Wholesale Inflation Retail Sales Data Bitcoin Rally

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