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Wall Street Futures Edge Higher as Rate Cut Hopes Build After Mild Inflation Data
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US stock futures ticked upward Wednesday morning, buoyed by growing expectations that the Federal Reserve could lower interest rates at its September meeting following the latest inflation report.
Futures tied to the Dow Jones Industrial Average rose 0.3%, while the S&P 500 added 0.1% and the Nasdaq 100 gained 0.2%. The move comes after Tuesday’s rally, when both the S&P 500 and Nasdaq closed at record highs on the back of July’s Consumer Price Index data.
Although inflation ticked up last month, the increase was smaller than economists had forecast, reinforcing hopes that the Fed may pivot toward easing monetary policy—especially as recent labor market indicators point to cooling conditions.
Investors are now eyeing additional economic clues later this week, with the Producer Price Index due Thursday and retail sales figures on Friday. Corporate earnings remain in focus as well, with notable premarket moves from Cava, CoreWeave, and Circle following their latest results.
The combination of softer inflation, a moderating jobs market, and cautious optimism from traders has set the stage for a potentially pivotal Fed decision next month.
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