US stock futures steady after Wall St snaps 8-day rally
Investing.com-- U.S. stock index futures steadied in evening deals on Tuesday after Wall Street closed lower for the first time in nine sessions, with focus remaining on the upcoming Jackson Hole Symposium and more cues on interest rate cuts.
While investors expect Powell to provide more dovish cues, especially amid recent signs of some cooling in inflation, he is not expected to explicitly outline plans for an interest rate cut in September. Wall Street’s rebound from lows hit in early-August was driven chiefly by optimism over lower interest rates , with any more encouraging signals from the Fed likely to drive more gains.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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