Stock futures are showing gains on Thursday, continuing the momentum from the previous day’s positive market reaction to inflation data. The futures suggest a strong start for the Dow, reflecting optimism that the Federal Reserve is poised for a quarter-point interest rate cut at its upcoming monetary-policy meeting.
Key details include:
Federal Reserve Outlook: The latest inflation data has bolstered expectations for a 25-basis point rate cut by the Fed next week. Investors are closely watching the central bank’s policy moves, which are anticipated to influence market direction.
Upcoming Economic Data: Market focus will shift to the release of the Producer Price Index (PPI) for August at 8:30 a.m. Eastern Time. The PPI measures wholesale price changes and provides insights into inflationary pressures at the producer level, which could further impact Fed policy expectations and market sentiment.
Overall, the stock market is poised for a positive open, with the Dow likely to build on its recent gains as investors await additional economic indicators.
