Futures rise as taper fears fade

 
Published by
Reuters
 

By Ambar Warrick (Reuters) – U.S. stock index futures rose on Thursday, indicating Wall Street was set to jump further from recent lows after investors largely brushed off concerns over the Federal Reserve’s plans for tapering. The Fed said on Wednesday it could begin reducing its monthly bond purchases by as soon as November, and that interest rates could rise quicker than expected by next year. The bank also projected inflation at 4.2% by the year-end, more than twice its target rate of 2%. The November deadline had been largely priced in by markets. Relief over the Fed, along with easing co…

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