US stock futures remained near unchanged Monday evening, despite President Trump's announcement of a 25% tariff on steel imports and a hike in aluminum tariffs. Investors are anticipating key inflation reports this week, which may reveal the true economic impact of these tariffs.
U.S. stock futures were near the flat line Monday night, as investors looked toward key inflation reports due later in the week.signed an order on Monday evening for a 25% tariff on steel imports. He is also raising tariffs on aluminum to 25% from 10%. He had announced his plans for the duties on Sunday, spurring a rally in shares of steel producers during Monday's trading, withThe duties come as traders look ahead to a pair of key inflation reports due this week.
The true economic impact of the tariffs may only be seen with future inflation data, said Sam Stovall, chief investment strategist at CFRA Research. "If the tariffs go into effect for a while, disrupt supply chains and result in increased inflation, then I would say investors are going to worry," said Stovall."But right now — especially with CPI numbers on Wednesday and PPI on Thursday expected to show year-on-year declines in both the headline and the core readings — that that would end up providing a support underneath the market and allow it to continue to creep higher," Stovall added.
TRADE WAR TARIFFS INFLATION STOCK MARKET INVESTORS
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