US Stock Futures Flat Amid Lackluster Retail Data
US stock futures were near flat in slow trade Friday morning as August retail sales increased by 0.2% compared to the forecast of 0.5%, suggesting slow growth. The latest economic data will play into U.S. Federal Reserve's decision on whether to taper its $85 billion asset purchase program. The timing and size of such a tapering is expected to become clearer after the Fed's meeting on Sept. 18. The producer price index, meanwhile, was also out at 8:30 a.m. It increased 0.3%, more than the expected 0.2%. In equities, Twitter announced it has made a confidential filing for an initial public offering with the Securities and Exchange commission.
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