Gold held its ground on Friday, on
track to log its second consecutive weekly rise as analysts
stepped up bets that the U.S. Federal Reserve was done with
interest rate hikes, sending the dollar. -November 24, 2023 at 05:04 am EST
- MarketScreener
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U.S. stock index futures extended gains on Tuesday as cooler-than-expected inflation data bolstered expectations that the Federal Reserve is done with its interest rate-hiking campaign. The Labor Department's report showed the consumer price index (CPI) rose 3.2% on an annual basis, compared to expectations of a 3.3% increase, according to economists polled by Reuters. Core CPI, which excludes volatile food and energy costs, grew 4% year-on-year compared with forecasts of a 4.1% increase.
(Reuters) - U.S. stock index futures edged higher on Tuesday as investors awaited a key inflation reading to gauge the Federal Reserve's monetary poli.