Futures Rise as Fed Wages War on Inflation

Futures Rise as Fed Wages War on Inflation
Traders work on the floor of the New York Stock Exchange (NYSE) in New York on Nov. 29, 2021. Brendan McDermid/Reuters
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U.S. stock index futures climbed on Thursday after the Federal Reserve announced a faster wind-down of its pandemic-era stimulus, calming some nerves around surging price pressures.

The U.S. central bank said on Wednesday it would end its bond purchases in March and signaled three quarter-percentage-point interest rate hikes by the end of 2022.