CPI Watch: Stock Futures Dip as Powell Subpoena Fight Keeps Gold Above $4,600
S&P 500 futures fell 0.1% and Nasdaq futures lost 0.3% as investors awaited December CPI data and major bank earnings. The Justice Department’s probe of Fed Chair Jerome Powell unsettled markets. Gold hit a record $4,609.58 an ounce. Economists expect CPI to rise 0.3% from November.