S&P, Dow higher as investors await Fed
2017-12-12 09:07:07
The major averages are pointing to a higher open as investors await tomorrow's policy announcement from the Federal Reserve. The central bank is widely expected to nudge interest rates slightly higher again as it continues on its slow path of tightening. Earlier, it was reported that the headline Producer Prices Index rose 0.4% in November with the core PPI rate up 0.3% from the prior month, both of which were a little hotter than expected. In morning trading, Dow futures are 85 points above fair value, Nasdaq futures are roughly flat and S&P futures are 6 points above fair value.