U.S. stock futures were surging on Wednesday morning after the consumer-price index report showed inflation ticked up 0.4% in December, higher than the 0.3% forecast. But core inflation, which omits ...
Stock futures jumped after Wall Street finally got an encouraging update on inflation. The producer price index rose 0.2% in December on a monthly basis, the Bureau of Labor Statistics said Tuesday.
Stock futures moved higher Wednesday morning as several big banks released strong quarterly earnings reports, while market participants awaited a key inflation report.
Federal-funds futures on Wednesday were pointing to the Federal Reserve keeping its benchmark interest rate at the current level potentially until June, as traders assessed data showing that core U.S.