U.S. equity futures moved higher Thursday, while the dollar slipped lower against its global peers and Treasury yields steadied, as investors extended bets on the end of the Fed's rate hiking cycle ahead of a key inflation report prior to the opening bell.
"We are just keeping a very close eye on that. We will see how those higher rates feed into what we do on policy in the coming months," he added. That's given stocks room to run this week, with the third quarter earnings season in sharp focus, as yields retreat and mega-cap tech companies once again lead gains for the major indices on Wall Street.
Global oil prices were back moving higher Thursday, as well, following comments from Saudi Arabia's powerful energy minister that suggested the Kingdom could move to stabilize markets amid the disruption linked to the war in Israel.
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