© Reuters.
Investing.com — The major stock indices in the U.S. head into the final day of trading in November on pace to post their best months since last year. Markets are also gearing up for the publication of the Federal Reserve’s favored inflation gauge, as traders attempt to suss out the central bank’s future policy plans. Elsewhere, Microsoft (NASDAQ:) is set to take a position on the board of OpenAI following days of tumult at the celebrated artificial intelligence start-up.
1. Futures point higher before final November session
U.S. stock futures inched up as investors gear up for the last trading day in what has been a largely positive November for equities.
By 04:56 ET (09:56 GMT), the contract had added 144 points or 0.4%, rose by 6 points or 0.1%, and gained 26 points or 0.2%.
The main averages were mixed on Wednesday, but are still on pace to finish the month in the green.
Recent data has buoyed hopes that inflation may be cooling in the U.S., fueling expectations that the Federal Reserve could soon begin to bring interest rates back down from over two-decade highs. Treasury yields, which move inversely to prices, have subsequently slipped, while…
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