FX.co ★ US Futures Rise after PPI Report

In Wednesday's trading, S&P 500 and Nasdaq 100 futures saw continued gains, while Dow Jones contracts remained relatively stable. This movement followed a weaker-than-anticipated Producer Price Index (PPI) report, bolstering the belief that the Federal Reserve may have the flexibility to reduce interest rates both next week and subsequently throughout the year. Notably, producer prices experienced an unexpected 0.1% decline in August, with July's figures being revised downward. The annual rates exhibited a significant deceleration, indicating that the anticipated tariff-driven price pressures have yet to fully develop. This environment potentially provides the Federal Reserve with more room to adjust its monetary policy, especially as the labor market reveals notable signs of a slowdown. Investors now focus on the upcoming Consumer Price Index (CPI) report, set to be released tomorrow. In corporate news, Oracle shares jumped nearly 32% in premarket trading following the company's optimistic outlook for its cloud services division. Conversely, Apple shares dipped 0.6% premarket, as the unveiling of the new iPhone 17 left investors unimpressed.