Futures rise as focus shifts to inflation, jobs data

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Futures rise as focus shifts to inflation, jobs data
France Dernières Nouvelles,France Actualités
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Aug 28 - U.S. stock index futures edged higher on Monday ahead of key inflation and jobs data due later this week that will offer more clues on the Federal Reserve's interest rate trajectory, while China's measures to boost its markets provided further support.

The readings are set to come at a time when surprising strength in the U.S. economy drove up expectations of interest rates staying higher for longer. Traders' bets of a pause in tightening by the Fed were unchanged for the September meeting, while bets of a 25-basis point interest rate hike in November rose to 51% after Powell's Jackson Hole remarks from 38% a week earlier, according to CME Group's FedWatch tool.

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