Reported about 2 months ago
U.S. stock index futures saw a slight increase on Friday after the S&P 500 and Nasdaq gained for six consecutive sessions, driven by positive economic data that eased fears of a sharp downturn. This week’s reports on consumer and producer prices suggest moderating inflation, which may pave the way for the Federal Reserve to propose a 25-basis point rate cut next month. Market attention now turns to upcoming comments from Fed officials and consumer sentiment data from the University of Michigan.
Source: YAHOO