Stock futures point to cautious bounce after worst losses in more than two years
A previous version of this report misquoted the yield on the two-year Treasury note. The story has been corrected.
U.S. stock futures indicated a bounce for Wall Street on Wednesday, off the worst losses in two years as investors reeled from disappointing inflation data. Markets will get another data update with producer price inflation due ahead of the open. In a blow to investors who had been hoping for an ease in hot inflation, Tuesday’s data showed CPI rising 0.1% in August and the annual rate slowing to 8.3% — against expectations for a monthly fall of 0.1% and a year-over-year rate of 8%. The core inflation rate also climbed by more than expected.
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