Wall St set to open higher as traders stick to rate cut bets after inflation data


WALL Street's main stock indexes were on track to a higher opening on Thursday as investors kept bets of interest-rate cuts in the coming months alive despite slightly hotter-than-expected inflation data.

A Labor Department report showed the Producer Price Index (PPI) rose 0.6% month-on-month in February, compared with a 0.3% increase expected by economists polled by Reuters.

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Wall Street , interest rate , inflation , PPI

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