US consumer prices declined in April, but the full impact of tariffs may not be showing yet. TD Securities' Oscar Munoz discusses what this means for interest rates and markets.

After a thaw in U.S.-China trade relations, the market’s focus has turned to price pressures and U.S. stock futures moved lower.

The U.S. stock markets opened mixed due to varied investor reactions to the latest inflation figures and their potential influence on monetary policy. While inflation showed a moderate rise in April,

US stock futures paused their rally as investors focused on a key inflation report and lingering economic concerns, even after the trade truce between the US and China.

Markets this week face inflation data, retail sales, Powell’s speech, and key earnings—setting the tone for trading and rate expectations.

U.S. stock index futures rose following a lower-than-expected inflation report, suggesting potential Federal Reserve rate cuts. Inflation rose 0.2% in April monthly and stood at 2.3% annually, under economist expectations.

The rally in stock futures began following high-level trade discussions in Switzerland, which US officials described as 'productive.' Dow Jones Industrial Average (YM=F) futures rose by over 400 points,

The dollar stayed under pressure after Trump repeated his call for interest-rate cuts following Tuesday’s lower-than-expected U.S. inflation data.