Wall Street poised for higher open after July inflation data

Quick Summary:

WALL Street's main indexes were set for a higher start on Friday after a key inflation report reiterated that price pressures were moderating, cementing bets for an interest-rate cut at the Federal Reserve's upcoming meeting in September.

Investors will also parse the University of Michigan's final reading on consumer sentiment for August later in the day.

The benchmark S&P 500 is close to an all-time high, poised for a monthly gain of 1.2%, while the Nasdaq is down 0.47% in August.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaJapan

Topics: Wall Street Federal Reserve /Business/Business News Markets Interest rate Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 21:17:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22308048

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions