Forex
US Markets Eye Positive Week Amid Cooling Inflation Hopes
US markets are looking to extend their winning streak into next week as investors await key retail sales data and signs that inflation may be cooling.
The S&P 500 futures edged higher by 0.1% on Friday, while the Dow Jones Industrial Average slipped 0.1%. The Nasdaq futures rose 0.1%.
New data released earlier in the week showed a decline in consumer inflation and oil prices, sparking hopes that the Federal Reserve may hold off on raising interest rates.
However, oil prices are rebounding after two tankers were attacked while trying to cross the Strait of Hormuz, causing concern about global supply and volatility.