According to Odaily, US stock futures rebounded to intraday highs on Friday following the release of the Federal Reserve's preferred inflation gauge, which aligned with June expectations. This development has fostered optimism that the Federal Reserve is making progress on inflation and may not need to maintain an aggressive stance on interest rate policy. Data from the US Department of Labor showed that the core PCE index, which excludes the volatile food and energy sectors, rose by 0.1% month-over-month in June, meeting expectations.