US futures rise with CPI inflation update on deck: Stock market news today

But they are closely focused on the Consumer Price Index report, one of the most important data points for the Fed in making its policy decisions. Consumer inflation is expected to have

Any sign the Fed hasn't been able to contain inflation will be seen as keeping a rate hike in play at policymakers' meeting in November. An upside surprise in CPI could also easilyby Russia and Saudi Arabia, which have committed to extra cuts in crude output. But the market mood remains fragile as Israel builds up forces for an expected ground assault on Gaza.

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