India, Sept. 30 -- The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move to the upside after ending yesterday's choppy session modestly lower.
The futures advanced following the release of a closely watched Commerce Department report showing consumer prices rose by slightly less than expected in the month of August.
The Commerce Department said its personal consumption expenditures (PCE) price index increased by 0.3 percent in August following a revised 0.1 percent uptick in July.
Economists had expected prices to climb by 0.4 percent compared to the 0.2 percent increase originally reported for the previous month.
The report also said the annual rate of growth by the PCE price inde...