US stock futures moved higher Friday morning as investors prepared for a busy day of economic releases, following the end of a three-day winning streak for the Dow and the S&P 500.

US stock futures advanced on Wednesday after a relatively quiet session on Wall Street, as investors prepared for a fresh round of corporate earnings and awaited new signals on inflation and monetary policy.

US stock futures mostly moved higher on Friday as investors anticipated a new inflation report, which could influence expectations for the Federal Reserve’s next interest-rate decision.

Gold prices steadied on Thursday following a two-day gain, as investors awaited the release of a US inflation report that could influence the Federal Reserve’s interest rate decisions.

Nomura now expects the U.S. Federal Reserve to cut interest rates by 25 basis points in September, moving up its forecast after July data showed cooling inflation and early signs of labor market weakness.

U.S. stocks rallied on Friday as investors reacted to key inflation data, which revealed a deceleration in price increases for November.

The personal consumption expenditures (PCE) price index, an inflation metric closely monitored by the Federal Reserve, climbed higher in the year to November , News.az reports citing Investing.