Dow futures cnbc cNBC’s morning market update shows Dow

CNBC’s morning market update shows Dow futures holding steady near +105 points, supported by recovering crude oil prices and signs of cooling economic pressures. Analysts expect momentum to align with rising earnings forecasts in the manufacturing sector. Cleveland Fed President Beth Hammack said that it is “challenging time” for the Federal Reserve as inflation pressures persist and the labor market has weakened. Hammack told CNBC that she is still concerned about inflation, especially from the services sector. Data released last week showed that inflation remains well above the Fed's target . The Fed cut its key interest rate this month for the first time since December amid concerns about the labor market and signaled more cuts could be coming. Hammack, who will speak at a European Central Bank event today, is one of several Fed officials due to deliver remarks this week. Sign up for free newsletters and get more CNBC delivered to your inbox As per CNBC live updates, Dow futures are pointing to a move back above the 38,200 level, driven by strength in industrials and energy stocks. Futures volume indicates moderate buying, a sign that institutional investors may be positioning ahead of key inflation data releases.