America News Agency

Economists polled by Dow Jones anticipate a 0.1 percent increase on a monthly basis and a 2.3 percent advance over the prior 12 months.

The result will also inform the Federal Reserve’s policy decisions at its November meeting. According to the analysts, Fed funds futures trading data suggests a roughly 70 percent likelihood of a quarter-point cut.

U.S. stock futures changed a little Wednesday night, while Asia-Pacific markets opened mostly higher on Thursday, buoyed by gains on Wall Street on Wednesday.

The S&P 500 and Dow Jones Industrial Average reached new records as investors shook off geopolitical concerns and reacted to the release of minutes from the Fed’s September meeting, at which it cut its key rate by 50 basis points, and revealed that a “substantial majority of participants” had favored reducing interest rates by the larger amount.