Friday saw a rise in stock futures as investors expected a reading of the Federal Reserve’s preferred inflation gauge and as the major averages headed towards weekly losses.
Futures linked to the Dow Jones Industrial Average saw a 0.5%, or 187 point, increase. Futures on the S&P 500 and Nasdaq-100 increased by slightly more than 0.7% and 1%, respectively.
The June personal consumption expenditures price index, which is a preferred inflation indicator for central bank policymakers, will be released at 8:30 a.m. ET.
Headline PCE is predicted to have increased by 2.5% from a year ago and by 0.1% on a monthly basis.
Source (CNBC)
