Futures rise as Treasury yields drop ahead of inflation data
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo - Futures for Wall Street's main stock indexes rose on Thursday as Treasury yields eased, while investors looked forward to crucial inflation data to gauge the Federal Reserve's interest-rate outlook.
Prices are seen rising to 3.6% in the 12 months through September. The core figure, which excludes volatile food and energy prices, is expected to rise 0.3% last month. Minutes from the Fed's September policy meeting showed that policymakers were turning cautious due to the growing uncertainty around the path of the U.S. economy, as well as volatile data and tightening financial markets posing risks to growth.
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