Stocks Set to Open Lower Amid Fed Fears, U.S. Inflation Data and Big Bank Earnings Awaited

March S&P 500 E-Mini futures (ESH26) are down -0.64%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.82% this morning as sentiment took a hit amid escalating tensions between the Trump administration and the Federal Reserve. The Fed disclosed it had received grand jury subpoenas on Friday, threatening a criminal indictment related to Chair Jerome Powell’s Senate testimony last June. The testimony partly addressed a multiyear renovation project at the Fed’s headquarters in Washington, D.C., which U.S. President Donald Trump has criticized. “This unprecedented action should be seen in the broader context of the administration’s threats and ongoing pressure,”…