U.S. stock futures eased a touch Friday after key indexes closed at fresh record highs Thursday, buoyed by strong economic growth and a robust earnings season for corporate America. Focus now turns to the release of the personal-consumption expenditures index, the Federal Reserve’s preferred measure of inflation. Federal Reserve Governor Christopher Waller on Thursday said he would back a 25 basis-point interest rate cut in September, with a bigger cut unnecessary based on current data.
