Futures tracking the S&P 500 and the Nasdaq slipped on Thursday after the indexes notched strong gains in the past two sessions, with investors awaiting U.S. inflation data that could trigger bets on quicker interest rate hikes. The figures from the Labor Department, due at 8:30 am ET, will likely show consumer prices leapt 7.3% in January, a level reminiscent of the inflation shocks of the 1970s and 1980s, although Federal Reserve officials are holding out hope that the peak may be near.
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