*U.S. STOCK FUTURES INCH HIGHER IN POSITIVE START TO MARCH - $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸
-U.S. stock index futures rose on Wednesday, putting Wall Street on course for a positive start to March, as strong manufacturing data from China outweighed concerns about the Federal Reserve's tighter monetary policy.
"A recovery in the world's second-largest economy could feed into the 'soft landing' or 'even no landing' narrative which has done much to stoke the move in risk assets since the October lows," said Russ Mould, investment director at AJ Bell. Traders are pricing in expectations that the Fed will raise rates in coming months to a 5.25%-5.50% range, from the current 4.50%-4.75% range. That's higher than where Fed policymakers in December signaled they would need to raise the policy rate.
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