Global stock markets and Wall Street futures are higher as traders wait for signs of interest rate plans from this week’s Federal Reserve conference. London, Shanghai, Paris and Tokyo advanced. Oil prices declined. Traders hope officials at the Fed’s summer Jackson Hole, Wyoming, conference say they are finished raising interest rates that are at a two-decade high. But forecasters warn they might say inflation isn’t under control yet. Traders hope the Fed will decide upward pressure on prices is easing even though consumer inflation accelerated in July to 3.2% from the previous month’s 3%. Economists say squeezing out the last bit of inflation may be the Fed’s hardest challenge.
