US Stock Futures Surge on Inflation Hopes Ahead of Fed Meeting
US stock futures are pointing higher on Friday as investors prepare for the August Consumer Price Index (CPI) report, a crucial inflation reading that will inform next week's Federal Reserve meeting.
The Dow Jones Industrial Average futures rose by approximately 300 points or 0.5%, while S&P 500 and Nasdaq 100 contracts gained around 0.5% and 0.6%, respectively, after four consecutive losing sessions.
Oil prices offered some relief, with Brent crude retreating from a peak near $110 to trade above $106, but investors remain cautious due to the ongoing Middle East conflict and its potential impact on global supply.
The 10-year Treasury yield hovered around 4.95%, keeping equities sensitive to the inflation print. Analysts note that a firm headline reading driven by energy could strengthen the case for an immediate hike, while a softer core number would give room for a relief rally in stocks and bonds.