U.S. stocks appeared set for a positive start as stock futures pushed higher.
Consumer prices rose a little faster than expected in August from July on a spike in gasoline costs, but the underlying trend pointed to muted inflation pressures. The Labor Department said that the Consumer Price Index rose 0.4% last month after being flat in July, slightly above the 0.3% expected. Year-over-year, consumer prices have dropped 1.5%. Gasoline prices surged 9.1% last month after falling 0.8% in July. Excluding the volatile food and energy components, the core measure of consumer inflation rose 0.1% in August, matching expectations.
Still to come is a reading on August capacity utilization and industrial production.
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