U.S. Stock Index Futures Continue to Rise, U.S. August CPI Largely in Line with Expectations

BlockBeats News, September 11th: U.S. stock index futures continued to rise on Thursday, as earlier inflation data was largely in line with expectations, keeping the Federal Reserve on track for interest rate cuts later this year. Data showed that the CPI rose by 2.9% year-on-year in August, in line with market expectations. On a month-over-month basis, it rose by 0.4%, higher than the expected 0.3%.

Excluding the more volatile food and energy components, core CPI rose by 3.1% year-on-year. Another report showed that in the week ending September 6th, the number of initial jobless claims in the U.S. was 263,000, higher than the estimated 235,000. Currently, Dow futures are up about 0.23%, S&P 500 futures are up 0.27%, and Nasdaq futures are up 0.35% (FXStreet).