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Dow futures fall back as CPI dust settles

There were just so many immediate reactions to the US CPI report that it is hard to keep up fast enough here this afternoon. So, beyond the dollar price action we had some rapid moves in stocks too. The Dow Jones futures initially shot higher on the CPI data, at one stage pricing a reopening at around 36,575. However, as with many other instruments the markets have rapidly repriced that reaction, because the bottom line here folks; is that CPI has not changed anything in terms of a potential Fed policy reaction to it. So, now the Dow Jones futures are lower. That said they are still pricing for a higher opening this afternoon, but now more than 100 points below where it was a short while ago 

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