US stock futures pointed toward gains as investors digested an inflation report seen as crucial to the Federal Reserve's next decision on interest-rate cuts. S&P 500 futures were up 0.1%, on the heels of ekeing out a third record-high close this week. Dow Jones Industrial Average futures and those on the tech-heavy Nasdaq 100 were also up around 0.1%.
The gauges are track for a weekly win as confidence in the economy returned to the market. A solid GDP reading, combined with continued cooling in inflation, has cemented growing conviction that the Fed can nail a "soft landing" as it embarks on a rate-cutting campaign. Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards Elsewhere, China added to its stream of stimulus measures, boosting markets once again.
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