NewsWare’s Trade Talk: Wednesday, September 14

S&P Futures are trading higher after yesterday's heavy selling pressure. The market is indicating a bounce higher this morning after disappointing CPI figures. Markets will get another data update with producer price index due out before the opening. The Fed is meeting next week and yesterday's CPI print ensures that the FOMC will deliver a 75 basis point hike. Oil is edging higher as global demand appears healthy. Russian President Putin is scheduled to meet with leaders from China, India, Turkey, and India later this week.