U.S. stock futures inched higher ahead of fresh inflation data that could help determine the speed and pace of future interest-rate increases
Consumer-price figures for August could influence the speed and pace of interest-rate increases by the Federal ReserveU.S. stock futures gained ahead of fresh inflation data that could help determine the speed and pace of interest-rate increases for the rest of the year.
Futures for the S&P 500 added 0.7% in premarket trading Tuesday. Contracts for the tech-focused Nasdaq-100 gained almost 0.7% and futures for the Dow Jones Industrial Average rose almost 0.4%. All three indexes have loggedThe U.S. Labor Department will release its consumer-price index for August at 8:30 a.m. ET, the last major inflation reading before the Federal Reserve’s meeting next week. Consumer pricesfrom a year earlier, slower than the 9.
Investors are considering whether officials will ease their pace of interest-rate increases if data continues to show inflation moderating. Fed Chairman Jerome Powell said earlier this month that the central bank isto prevent it from becoming entrenched as it did in the 1970s, firming traders’ expectations for a third consecutive 0.75-percentage-point rate rise next week.
Economists surveyed by The Wall Street Journal expect that consumer prices rose 8% annually in August, which would mark another decline.
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