US STOCKS SNAPSHOT-Futures surge after CPI data spurs bets of smaller rate hikes ...Middle East

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US STOCKS SNAPSHOT-Futures surge after CPI data spurs bets of smaller rate hikes
source : Devdiscourse ( Middle East ) () 51
U.S. stock index futures surged on Thursday after data showed consumer prices eased more than expected in October, spurring hopes that the Federal Reserve might scale down the size of its future interest rate hikes. The Labor Department said consumer prices advanced 7.7% in the 12 months through October, after rising 8.2% at the end of September, while the core rate, which excludes volatile food and energy prices, increased 6.3% on a year-on-year basis last month, from 6.6% in September.

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