U.S. stock futures dropped Thursday, one day after Wall Street logged its third straight positive session.
One day before a key inflation report, the government is out with its weekly Thursday look at initial jobless claims. Economists expect the 8:30 a.m. ET release to show 211,000 new claims for the week ending Dec. 4. That would be down from 222,000 the prior week. New claims for the week ending Nov. 20 were 194,000, the lowest level in more than 50 years. On Friday, the November consumer price index is expected to show a year-over-year rise of 6.
on massive Covid-era bond purchases. That in turn could pave the way for interest rate hikes as soon as the spring of 2022.
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