futures is up roughly 63 points, or 0.19%, while the S&P and Nasdaq futures are approximately 0.26% and 0.46% higher, respectively.
Investors are hoping they might show the U.S. central bank is moderating its plans for more interest rate hikes to cool inflation.stands at a range of 4.25% to 4.5%, up from close to zero following seven increases last year. It’s expected to slip for the fourth month in a row to 48.5, the lowest since May 2020 and the second month in contraction territory.The markets will pay close attention to the prices paid component. It’s expected to fall for the 9th month in a row to 42.6, the lowest since May 2020 and consistent with other data showing that inflation has peaked. The Labor Department is expected to say that there were 10.0 millionat the end of November.
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