Stock market today: US futures point higher as Fed's favored inflation gauge cools

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US Stock Futures Nachrichten

Federal Reserve,Personal Consumption Expenditures,Inflation Report

The market is looking to August's PCE print to calibrate whether another jumbo cut is coming.

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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