S&P 500 futures strive for 5-day winning streak as traders await CPI report

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S&P 500 futures strive for 5-day winning streak as traders await CPI report
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Jamie Chisholm is a markets reporter based in London.

U.S. stock futures rose early Thursday, as Treasury yields held near two-week lows ahead of the September CPI inflation report.

Investors hope the inflation data will confirm price pressures continue to ease and so support the narrative that the Federal Reserve has finished raising interest rates in this cycle — a scenario that has seen benchmark bond yields fall sharply of late and the stock market rally. Minutes of the Fed’s September policy meeting, published Wednesday, showed members were “highly uncertain” about the future path of the economy and decided to proceed in a careful meeting-by-meeting approach to interest-rate policy.

These shifts have helped push the S&P 500 equity benchmark to a gain of 2.8% over the last four sessions, as investors also eye the start-proper on Friday of the third-quarter corporate earnings season.

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