Metro Plus News Stock market today: Wall Street pushes higher in ahead of more inflation data

Stock market today: Wall Street pushes higher in ahead of more inflation data

Wall Street is tracking higher early Monday ahead of new inflation data this week that will provide some insight into where prices are heading and how that is playing out for households and for the economy.
The futures for the S&P 500 rose 0.5%, while the Dow gained 0.2%. The U.S. releases monthly consumer prices on Wednesday, which is followed a day later by producer prices, the cost of goods before they reach the consumer.
Both effect retail sales, and the U.S. releases August statistics on that front as well on Thursday.
Economists expect that consumer prices rose slightly in August, up 3.6% from a year ago.
Inflation has been generally cooling since peaking above 9% last summer, but the worry is the last bit of improvement to get to the Fed’s 2% inflation target may prove the most difficult.