Stock futures surge across the board as inflation data calms investor nerves
New data from the Bureau of Labor Statistics out Wednesday showed that a key inflation metric rose by less than anticipated in February. On a "core" basis, which strips out the more volatile costs of food and gas, the February Consumer Price Index (CPI) climbed 0.2% from January's 0.4% monthly gain and below the 0.3% economists had expected. On an annual basis, prices rose 3.1%, below economists' expectations of 3.2% and lower than the 3.3% increase last month. Headline consumer prices also rose less than expected. The CPI increased 2.8%...