Futures edge higher with Fed meeting on tap

U.S. stock futures are continuing their march higher, now ahead by 0.5%, on the back of broad market gains and solid economic data.

August retail sales data will be released today at 8:30 a.m., while investors will eye the Fed’s latest policy meeting in the afternoon.

Meanwhile, House Speaker Nancy Pelosi has signaled the chamber should postpone the planned October recess until lawmakers can strike a bipartisan agreement on a new coronavirus relief bill, though its unclear how Congress will be able to break the impasse.

Oil is also on the rise again, with crude futures up 2.3% to $39.16/bbl as Hurricane Sally disrupted more than 25% of U.S. offshore oil and gas output and the API showed a big drop in U.S. crude stockpiles.


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