Stock Futures Rise as Inflation Data Eases Rate-Hike Fears
U.S. stock futures and shorter-dated Treasurys strengthened after U.S. inflation data indicated that the Federal Reserve might not hike rates in October. Core PCE data rose 3% year-on-year in August, below market expectations of 3%.
S. S. inflation data eased investor concerns that the Federal Reserve would raise rates in October. Core PCE, the Fed’s preferred inflation gauge, rose by 3% on year in August, versus market expectations of 3…