Stock futures jump after lighter-than-expected CPI
Group 1 - The market reaction to CPI shelter indicates a significant consensus view, particularly influenced by home builder Lenar, highlighting a 40% inflation in housing prices since 2019 [1] - CarMax reported an 8% decline in car prices, suggesting a connection to the CPI trends and indicating a return to pre-inflation levels [2] - Heating costs for the average home are projected to reach approximately $1,000 this winter, reflecting a 9% increase, which may impact consumer spending [4] Group 2 - Memory prices are on the rise, indicating potential challenges for companies in the semiconductor industry, particularly Micron [3][4]