CPI Inflation In Line As Rent Slows, Oil Prices Heat Up; S&P 500 Futures Fall (Live Coverage)

The consumer price index for February met expectations due to slowing housing inflation, but rising oil prices pose a new risk to the economic outlook, causing S&P 500 futures to fall slightly. The Federal Reserve may not be reassured by the inflation data despite it being in line with expectations. The market reaction is mixed, with a strong earnings report from Oracle failing to offset the concerns over inflation.