Daily Wrap

Index futures started the day on a bullish note after the closely watched Consumer Price Index (CPI) report came in better than expected. Total CPI rose a smaller-than-expected 0.1% month-over-month (consensus 0.3%) and the year-over-year increase slowed to 5.0% from 6.0% in February. Core-CPI, which the Fed closely watches, was in line with month-over-month estimates…