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VIEW Stocks, bonds rally after August inflation report

U.S. consumer prices accelerated in August as the cost of gasoline rebounded after two straight monthly declines, bolstering market expectations that the Federal Reserve will raise interest rates next week.

Coverage (1)· Sep 11, 12:56 PM

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Wall Street heads for gains after oil prices ease and inflation update comes in near expectationsU.S. stocks appear to be heading for gains as oil prices give back some of the week’s big spurt. Futures were up 0.7% for the S&P 500 index, 0.7% for the Dow Jones Industrial Average and 0.8% for the Nasdaq 100 index, with a little less than an hour before trading is set to begin on Friday. They got some help from easing oil prices, which spurted earlier…