Futures increase gains as CPI data is in line with Reuters expectations

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© Reuters. PHOTOGRAPHY: A trader observes his chart while working on the New York Stock Exchange, July 8, 2014. REUTERS / Brendan McDermid

(Reuters) – Futures on the US stock index on Wednesday continued to rise after consumer price data was largely in line with expectations, alleviating concerns about the tightening of Federal Reserve policy faster than expected.

At 8:33 a.m. Eastern Time, they rose 147 points, or 0.41%, rose 18 points, or 0.38%, and rose 70.75 points, or 0.45%.

Moments before the data, the Dow e-mini was up 94 points, or 0.26%, the e-mini was up 10.5 points or 0.22%, and the e-mini was up 55.5 points or 0 , 35%.

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