Stock Index Futures Slip With Focus on U.S. Retail Sales and PPI Data, More Big Bank Earnings on Tap

The U.S. Bureau of Labor Statistics report released on Tuesday showed that consumer prices rose +0.3% m/m in December, in line with expectations. On an annual basis, headline inflation rose +2.7% in December, the same as the previous month and in line with expectations. Also, the core CPI, which excludes volatile food and fuel prices, rose +0.2% m/m and +2.6% y/y in December, weaker than expectations of +0.3% m/m and +2.7% y/y. In addition, U.S. new home sales fell -0.1% m/m to 737K in October, stronger tha ...