From Bloomberg:

Stock futures reacted to inflation data by initially dropping, but then rebounded as it did not change expectations for Federal Reserve interest rate cuts. Traders still predict the first rate cut will happen in June. S&P 500 contracts recovered after US inflation slightly exceeded forecasts. Two-year Treasury yields, which are sensitive to Fed actions, remained steady around 4.5%. The dollar fluctuated in response to the news.



Read more at Bloomberg: Stock Market Today: Dow, S&P Live Updates for March 12