(Bloomberg) -- U.S. stock-index futures dropped before a report that may show consumer prices rose the most in almost a year, giving the Federal Reserve less leeway to lower interest rates.
Consumer prices probably climbed 0.6 percent last month, the most since April 2006, according to the median forecast of economists surveyed by Bloomberg News. Fed officials said in minutes from their last policy meeting that higher borrowing costs may be needed to reduce inflation and gave no hint of a rate cut.
Read more at Bloomberg Stocks News
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