After having dropped 32% from the all-time high, stock futures of the consumer goods manufacturer are seeing a bullish build-up. “The stock is now showing signs of a gradual recovery and has reclaimed its short-term moving average, the 20-day EMA (exponential moving average), in the last trading session.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.