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Stock Futures Will Rise

As Wall Street anticipated a crucial inflation figure that would influence the Federal Reserve’s next rate move, stock futures increased on Thursday.

The Dow Jones Industrial Average futures increased 192 points, or 0.6%. Futures for the Nasdaq-100 and the S&P 500 both gained 0.6% and 0.7%, respectively.

At 8:30 a.m. ET, the consumer price index’s most recent number will be made public. According to economists surveyed by Dow Jones, CPI in July should have increased 0.2% from June and 3.3% from the previous year.

Through the CPI report and Friday’s producer price index, many on Wall Street are hoping to see more indications of deflation. Sahak Manuelian, head of equity research, stated that several regional industrial statistics have also shown some signs of easing.

Source (CNBC)

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