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Aug 13 - Wall Street was set for a higher open on Tuesday after producer prices data showed abating inflation pressures, keeping the Federal Reserve on track to cut rates in September, while Starbucks soared after appointing Chipotle's Brian Niccol as CEO.
"This creates more flexibility for the Fed to lower rates later this year without a doubt and that's what driving the market response right now," said Dave Grecsek, managing director in investment strategy and research at Aspiriant. At 08:46 a.m. ET, Dow E-minis were up 96 points, or 0.24%, Nasdaq 100 E-minis were up 153.75 points, or 0.82% and, S&P 500 E-minis were up 28.25 points, or 0.53%.
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