{"id":28846,"date":"2025-08-12T12:47:14","date_gmt":"2025-08-12T12:47:14","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=28846"},"modified":"2025-08-12T12:47:14","modified_gmt":"2025-08-12T12:47:14","slug":"sp-500-steady-as-traders-brace-for-us-cpi-data","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/sp-500-steady-as-traders-brace-for-us-cpi-data\/","title":{"rendered":"S&amp;P 500 Steady As Traders Brace For US CPI Data"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/image_fx-2025-04-24T152247.288-1024x559.png\" alt=\"\" class=\"wp-image-21196\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 trades at 6,383.08, up 0.10%, with support at 6,012.55 and resistance at 6,439.58.<\/li>\n\n\n\n<li>Traders price in at least two US rate cuts for 2025, but CPI data could shift expectations.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>The S&amp;P 500 index is trading at 6,383.08, up 6.43 points or 0.10%, maintaining upward momentum after recovering from the April low of 4,802.15.<\/p>\n\n\n\n<p>The daily chart shows price action consolidating between the 5-day and 30-day moving averages, with support at 6,012.55 and resistance at the July high of 6,439.58.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/1_image-6.jpg\" alt=\"\" class=\"wp-image-28847\" \/><\/figure>\n\n\n\n<p>The MACD lines remain above the zero mark but are showing signs of flattening, indicating the market is in a holding pattern ahead of critical macroeconomic data.<\/p>\n\n\n\n<p>Globally, sentiment has been mixed. Asian equities rallied after President Donald Trump extended the US-China tariff truce by 90 days, preventing triple-digit levies on Chinese goods. This boosted Japan\u2019s Nikkei to an all-time high and lifted European markets modestly.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Japan&#39;s Nikkei races to record high, SoftBank leads tech surge <a href=\"https:\/\/t.co\/HEIVMp7Kxy\">https:\/\/t.co\/HEIVMp7Kxy<\/a> <a href=\"https:\/\/t.co\/HEIVMp7Kxy\">https:\/\/t.co\/HEIVMp7Kxy<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1955231565774041401?ref_src=twsrc%5Etfw\">August 12, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>However, traders remain cautious as US CPI data later today could directly impact <a href=\"https:\/\/t.co\/UCNB4C6Tf9\" target=\"_blank\" rel=\"noopener\" title=\"\">Federal Reserve policy expectations<\/a>. A reading above consensus would challenge the current market view of at least two rate cuts in 2025 and could undermine risk assets.<\/p>\n\n\n\n<p>Concerns about stagflation are resurfacing after the weak US jobs report on August 1 and continued inflationary pressures reported by businesses. US Treasury yields reflect this cautious tone, with the 10-year yield steady at 4.279% and the 2-year yield slightly higher at 3.764%.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Tariff inflation worry, debt deluge to prop up longer-term US Treasury yields: Reuters poll <a href=\"https:\/\/t.co\/8vCnFOxgDf\">https:\/\/t.co\/8vCnFOxgDf<\/a> <a href=\"https:\/\/t.co\/8vCnFOxgDf\">https:\/\/t.co\/8vCnFOxgDf<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1955005073605447711?ref_src=twsrc%5Etfw\">August 11, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Rate cut expectations, strong tech earnings, and the ongoing tariff reprieve have kept the S&amp;P 500 and Nasdaq 100 near record territory. However, market volatility could rise if CPI data disrupts the prevailing narrative of monetary easing.<\/p>\n\n\n\n<p>A softer inflation print could push the S&amp;P 500 above the 6,439.58 resistance, potentially targeting the psychological 6,500 level. Conversely, an upside surprise in inflation could trigger profit-taking, pulling the index back toward the 6,012.55 support zone.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>If CPI aligns with or falls below forecasts, bullish momentum could carry the S&amp;P 500 toward new highs. A hotter-than-expected print risks a retracement toward the 6,100\u20136,000 range as rate cut bets are reassessed.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P 500 holds near 6,383 ahead of key US inflation data, with markets weighing tariff relief against stagflation fears. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":21196,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[11,69],"class_list":["post-28846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-indices","tag-sp500"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/28846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=28846"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/28846\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/21196"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=28846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=28846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=28846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}