US stock futures inch higher with inflation cues on tap
Investing.com-- U.S. stock index futures rose slightly in evening deals on Sunday with Wall Street indexes remaining near record highs as investors looked to key inflation data this week for more cues on interest rates.
The reading is the Fed’s preferred inflation gauge, and is likely to tie into the central bank’s stance on interest rate cuts. Expectations of an eventual lowering in interest rates had driven Wall Street indexes to record highs through June, even as the Fed signaled that sticky inflation and a strong economy kept chances of such a scenario slim.), whose earnings are also viewed as a bellwether for global economic activity, is set to report its earnings for the quarter ended May on Tuesday.
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