US stock futures steady with PCE inflation in focus
Investing.com-- U.S. stock index futures steadied on Tuesday evening after a positive session on Wall Street, with focus turning squarely to upcoming inflation data that is likely to factor into the outlook for interest rates.
Investors were also digesting a mixed outlook on U.S. interest rates, after the minutes of the Federal Reserve’s November meeting showed policymakers were divided over future rate cuts. The reading is the Fed’s preferred inflation gauge, and is likely to factor into the central bank’s plans to cut interest rates further.Recent signs of sticky U.S. inflation sparked some doubts over just how much the Fed will cut interest rates further. Markets also began questioning the prospect of a 25 basis point cut in December.
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