Stock Index Futures Muted After Record Rally, U.S. Confidence Data on Tap

“[Thursday’s] CPI report has been trumped by the jobless claims report,” said Seema Shah at Principal Asset Management. “If anything, the jump in jobless claims will inject a bit more urgency in the Fed’s decision-making, with Powell likely signaling a sequence of rate cuts is on the way.”The U.S. Bureau of Labor Statistics report released on Thursday showed that consumer prices rose +0.4% m/m in August, stronger than expectations of +0.3% m/m. On an annual basis, headline inflation picked up to +2.9% in Au ...