US stock futures rose on Wednesday after a fresh reading on inflation showed consumer prices increased less than expected in May. The latest snapshot of inflation comes hours before a highly anticipated Federal Reserve meeting in the afternoon will provide the latest signal on the path of interest rates. S&P 500 futures built on a 27th record close of the year, rising 0.7%. Futures on the tech-heavy Nasdaq 100 rose nearly 0.9%, also pointing to gains after a record close for the index.
2% over the prior month and 3.4% over last year — cooler than April's data. Both measures also came in better than economist estimates. Read more: How does the labor market affect inflation? Meanwhile, the Fed's decision is all but certain — the central bank is expected to keep rates at their current 23-year-high levels.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Stock market today: US futures tiptoe higher ahead of CPI, Fed double whammyInvestors are braced for the latest snapshot of the state of inflation and the latest signal on the path of interest rates.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
JPMorgan Warns of a Shock to Stock Market’s Calm From CPI, FedWall Street’s most prominent trading desks from JPMorgan Chase & Co. to Citigroup Inc. are urging investors prepare for a stock market jolt this week after the latest inflation print and the Federal Reserve’s interest-rate decision, both of which arrive on Wednesday.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »
Stock market today: S&P 500 breaches 5,300 as stocks rally to records after CPIStocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
JPMorgan Clients Are Piling Into US Stocks Ahead of Fed, CPIOn an unpredictable day for US monetary policy, stock traders are concerned about one thing: missing out on the next leg of a potential rally.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »
Fed decision, May CPI, Broadcom earnings: What to WatchYahoo Finance's Julie Hyman and Josh Lipton break down the biggest stories investors should watch for on Wednesday, June 12. The Federal Reserve will...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »