Inflation data drives U.S. stock index futures up

U.S. stock index futures continued their upward momentum on Thursday, as inflation data is highly consistent with expectations, and the Fed is expected to continue to cut interest rates this year. Data shows that the Consumer Price Index (CPI) rose 2.9% year-on-year in August, in line with general market expectations. It rose 0.4% month-on-month, exceeding the expected 0.3%. Excluding the volatile food and energy components, the core CPI rose by 3.1% year-on-year. Another report shows that as of the week ending September 6, the number of people applying for unemployment benefits in the United States reached 263,000, exceeding the expected 235,000. Currently, Dow Jones Futures are up about 0.23%, S&P 500 futures are up 0.27%, and Nasdaq futures are up 0.35%.