Markets in the Asian domain are showing mixed responses ahead of United States inflation data. S&P500 futures are choppy in early trade as investors are anxious ahead of US Consumer Price Index (CPI) and quarterly result season. The street is divided about the US result season as one class of investors believe the higher rates from the Federal Reserve (Fed) and banking crisis have hit overall demand while the other school of thought believes that robust requirement of labor is the outcome of upbeat retail demand.

The US Dollar Index (DXY) is prone to test the immediate support of 102.00 as Fed policymakers have advised maintaining caution while considering May’s monetary policy. Chicago Fed President Austan Goolsbee has advised a cautious approach as the combination of tight credit conditions and further restrictive monetary policy can hit sectors and regions differently than if monetary policy was acting on its own.