"US Futures Surge as Arm IPO and Retail Sales Boost Market Confidence"
US futures are rising as investors anticipate that the Federal Reserve will not raise interest rates at its next meeting following modest inflation in August. S&P 500 futures gained 0.4%, Dow Jones Industrial Average futures ticked up 0.3%, and Nasdaq 100 futures added around 0.5% ahead of Arm's IPO. Traders expect a 97% chance of rates remaining steady at the September meeting. Additional inflation data, including producer prices and retail sales, is scheduled for release. The ongoing rally in oil prices and the European Central Bank's interest rate decision are also being closely watched.