Sunday evening Globex US equity futures are slumping lower still

Equities took a fresh hit after the inflation data out of the US on Friday:

• Forexlive Americas FX news wrap: Another hot inflation report sends the dollar soaring

And the weekend has not given any respite, trading lower still. This the S&P 500, from our charting app, here.

Despite the higher-than-expected CPI on Friday, there are projections it may head higher still:

• El-Erian on US CPI inflation says "we may well get to 9%"

75bp FOMC rate hike this week?

• Its FOMC world series of poker week. Three of a kind (3*25=75bp) beats a pair (2*25=50bp).