U.S. stock futures were mostly higher early on Friday. The market focus will be firmly on the release of inflation data and what it might mean for interest rates in future.
Dow Jones Industrial Average futures were up 74 points, or 0.2%. S&P 500 futures were rising less than 0.1% while Nasdaq 100 futures were down 0.1%. All three main indexes fell Thursday for a third consecutive day–the first time that’s happened since March 28.
The Bureau of Economic Analysis is due to release the August reading of the personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, at 8:30 a.m. ET. The data are expected to show a slight pickup in price growth in August but that might not change the market’s view on likely interest-rate cuts from the Fed.
