US STOCKS were poised for a higher open on Wednesday as fresh data signaled signs of cooling inflation ahead of the Federal Reserve's final policy decision of the year, where it is widely expected to leave interest rates unchanged.
The Labor Department's report showed the Producer Price Index (PPI) for final demand rose 0.9% on an annual basis in November. Economists polled by Reuters had estimated a 1% advance.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
