Market Snapshot
It’s Fed Day — and a hot PPI print just made Powell’s press conference even more consequential. Futures initially pointed higher on Nvidia GTC momentum, but reversed after February’s Producer Price Index came in at +0.7% MoM, more than double the 0.3% consensus.
- S&P 500 Futures: ~6,675, down 0.4% (reversed from +0.5% earlier)