U.S. Stock Futures Rise Amid Inflation Data

According to BlockBeats, U.S. stock index futures continued their upward trend on Thursday following inflation data that aligned closely with expectations, keeping the Federal Reserve on track for potential rate cuts this year. The data revealed that the Consumer Price Index (CPI) rose by 2.9% year-over-year in August, matching the general market forecast. On a monthly basis, the CPI increased by 0.4%, surpassing the anticipated 0.3% rise. Excluding the more volatile food and energy components, the core CPI saw a year-over-year increase of 3.1%. Another report indicated that the number of initial jobless claims in the U.S. for the week ending September 6 reached 263,000, exceeding the estimated 235,000. Currently, Dow Jones futures are up approximately 0.23%, S&P 500 futures have risen by 0.27%, and Nasdaq futures have increased by 0.35%.