US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following a strong session in Asia. Takeaways post-US CPI downplay above-consensus print, pointing to one-off seasonal price adjustments. Fed officials confident that inflation is on right track, while stressing need to proceed carefully on rate cuts. Disinflation narrative still intact although markets have toned down projected Fed rate cuts to 3-4.
Companies Mentioned: Disney, Reliance Industries, Crown Castle (NYSE:CCI)