U.S. Stock Futures Rise as Inflation Eases in June

U.S. stock index futures turned positive on Thursday after the Consumer Price Index (CPI) showed a greater-than-expected easing in June, sparking expectations for Federal Reserve interest-rate cuts later this year. The CPI fell 0.1% monthly and increased 3% annually, both below economists' forecasts.

U.S. stock index futures experienced an uptick on Thursday as consumer price inflation demonstrated a more significant ease than anticipated in June. This has fueled expectations for interest-rate cuts from the Federal Reserve later this year.

A Labor Department report indicated that the Consumer Price Index (CPI) decreased by 0.1% in June on a monthly basis, contrary to the predicted 0.1% increase by economists surveyed by Reuters. Annually, the CPI rose 3%, which is slightly lower than the expected 3.1% rise.

Regarding the core figure excluding food and energy components, it increased by 0.1% monthly, against an expectation of 0.2%. Annually, it registered a 3.3% rise, just below the estimated 3.4%. At 8:32 a.m. ET, Dow e-minis climbed 73 points, or 0.18%, S&P 500 e-minis increased by 13.25 points, or 0.23%, and Nasdaq 100 e-minis surged 64.5 points, or 0.31%.