Wall St set for muted open in cautious trading ahead of inflation data
-Wall Street's main indexes were poised for a subdued open on Friday as investors awaited a fresh inflation reading next week after recent economic data stoked worries interest rates could remain higher for longer.
"This month of September so far has taken the path of a negative outlook on rates, meaning that the Fed will probably continue to raise rates to combat the stubborn growth of the economy in the U.S.," said Peter Andersen, founder of Andersen Capital Management Shares of Apple edged 0.1% lower in premarket trading after a two-day selloff following news that Beijing had ordered central government employees in recent weeks to stop using iPhones at workplaces.
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