Stocks Set to Open Higher as Investors Await Fed Meeting and U.S. Economic Data
Economic data released on Friday showed that the University of Michigan’s preliminary U.S. consumer sentiment index unexpectedly fell to a 4-month low of 55.4 in September, weaker than expectations of 58.2. Also, the University of Michigan’s U.S. September year-ahead inflation expectations were unchanged from August at 4.8%, in line with expectations, while 5-year implied inflation expectations unexpectedly increased to 3.9%, higher than expectations of 3.4%.In Friday’s trading session, Wall Street’s major ...