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Aug 16 - U.S. stock index futures edged higher on Friday after the S&P 500 and the Nasdaq logged six-session winning streaks, as a spate of encouraging economic data fueled a broad rebound led by heavyweight tech and growth stocks.
U.S. consumer and producer prices data this week indicated inflation was moderating at a pace that would keep the U.S. Federal Reserve on track to start its monetary easing cycle with a 25-basis point rate cut next month as opposed to a more aggressive move. Market participants will look to minutes from the Fed's last policy meeting and Fed Chair Jerome Powell's outlook of the U.S.
The S&P 500 and the Nasdaq were headed for their best weeks since October, while the Dow was on pace for its best weekly showing since December. Remarks from Federal Reserve Bank of Chicago President Austan Goolsbee will also be watched a day after two more Fed officials - St. Louis Fed chief Alberto Musalem and Atlanta Fed boss Raphael Bostic - on Thursday gravitated toward an interest rate cut in September.
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