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Wall Street Futures Rise as Inflation Cools, Boosting Rate-Cut Hopes

US stock futures climbed Friday morning after the latest Consumer Price Index (CPI) report showed inflation rising at a slightly slower pace than expected. The data offered investors reassurance that price pressures are easing, strengthening expectations for a Federal Reserve rate cut next week. Dow Jones Industrial Average futures gained about 0.5% S&P 500 futures rose 0.7% Nasdaq 100 futures jumped 1% The September CPI report revealed annual inflation at 3% , just below forecasts of 3.1%. On a monthly basis, prices increased 0.3% , a modest slowdown from August. This cooler-than-expected reading comes after a delay caused by the government shutdown, making it the first major economic release in weeks. With nearly all market bets pointing to a Fed rate cut, investors are increasingly optimistic about a softer monetary policy path ahead.

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Your daily horoscope: August 29, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Identify what your highest ambition is going to be and then go after it with every ounce of physical, mental and emotional energy you possess. The influence of Pluto on your birthday guarantees that your efforts will pay off like never before.

ARIES (March 21 - April 20):

As love planet Venus moves into your opposite sign today relationships won’t seem quite so tense as they have been of late. That does not, however, mean you can take your nearest and dearest for granted. Always take their feelings into consideration.

TAURUS (April 21 - May 21):

If you have fallen out with someone on the work front in recent weeks, with maybe a few harsh words passing between you, now is the time to get past those bad feelings and get things back to how they were before. Be the first to say sorry.

GEMINI (May 22 - June 21):

Keep telling yourself that your efforts will come good in the end and keep believing that the universe wants only good things for you, and your belief will make it a fact. Do what you can with what you have got – it will be more than enough.

CANCER (June 22 - July 23):

Try to be a bit more relaxed in your dealings with loved ones and relatives. Whatever may have been said and done in recent weeks it is now in the past and can and must be forgotten. What can you do jointly that will bring you closer together?

LEO (July 24 - Aug. 23):

There seems to be a lot of drama in your life at the moment but how much of it is really necessary? Probably very little. Ignore what others may be saying about you and just do what makes you feel good. A positive attitude is a must.

VIRGO (Aug. 24 - Sept. 23):

A strong link between values planet Venus and power planet Pluto will encourage you to patch up a partnership that should be profitable but which has been on the slide. You both have too much to lose to keep arguing for no good reason.

LIBRA (Sept. 24 - Oct. 23):

As your ruling planet Venus moves into your birth sign today the better side of your nature will come to the fore and you will be far less concerned about petty disputes and petty people. A beaming smile will cure all ills – well, most of them anyway.

SCORPIO (Oct. 24 - Nov. 22):

Something you have been fearful about for quite some time needs to be confronted and as Venus moves into the most sensitive area of your chart today now is the time to face up to it. Seriously, what can it do to hurt you? Nothing at all.

SAGITTARIUS (Nov. 23 - Dec. 21):

No matter what might be happening at the moment, either at home or at work, strive to remain upbeat and do what you can to help those around you feel better about life as well. Put on your happy face and greet the world with a smile.

CAPRICORN (Dec. 22 - Jan. 20):

If an opportunity to improve your status on the work front comes your way today you must seize it with both hands, because it may no longer be there come the start of next week. It’s possible to be competitive and still be a nice guy as well.

AQUARIUS (Jan. 21 - Feb. 19):

The entry of Venus into the most adventurous area of your chart will brighten your outlook and encourage you to believe that life does not have to be a constant struggle. If you are in the market for love, try looking outside your usual environment.

PISCES (Feb. 20 - Mar. 20):

Cosmic activity in the wealth area of your chart will encourage you to take a more laidback approach to money and investment activities. It may be true that cash is king but there is more to life than making a profit. What about love?

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