US stock futures are on the rise as investors brace for a crucial day in the US economy. The S&P 500 futures, Nasdaq 100 futures, and Dow Jones Industrial Average futures all saw gains, pointing to a positive start for the day.
Today, Wall Street will be hit with a double whammy of economic data. The latest reading on consumer prices is set to be released in the morning, followed by the Federal Reserve’s decision on interest rates in the afternoon.
Analysts are expecting a slight easing in inflation numbers for May, with the Consumer Price Index projected to show headline inflation of 3.4%. The Fed is widely expected to keep interest rates at their current levels, but investors will be closely watching for any changes in the central bank’s economic projections.
In corporate news, Apple shares dipped slightly after reaching a record high, while Affirm continues to see positive movement following its integration into Apple Pay.
Overall, today is shaping up to be a busy and potentially market-moving day for investors. Stay tuned for updates as the day unfolds.
