NEW YORK, March 30 — US stock index futures rose today as fears of a banking crisis eased, while investor focus turned to key consumer spending data for cues on the Federal...
NEW YORK, March 30 — US stock index futures rose today as fears of a banking crisis eased, while investor focus turned to key consumer spending data for cues on the Federal Reserve's policy path.
Investors await the February reading of personal consumption expenditures price index, the Fed's preferred inflation gauge, tomorrow. January figures showed a sharp acceleration in consumer spending. Traders' bets are still tilted towards a pause in rate hikes in May, with rate cuts expected soon after that.
Final estimates for quarterly US economic growth are expected to confirm gross domestic product likely remained unchanged at 2.7 per cent in the fourth quarter. The data is due at 8:30 am ET.
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