US stock futures steady with Fed, rate cuts on tap
Investing.com-- U.S. stock index futures moved little in evening deals on Sunday as investors hunkered down before a Federal Reserve meeting this week where the central bank is likely to cut interest rates.
Markets were also somewhat cautious following reports of a second attempted assassination attempt on Republican presidential candidate Donald Trump, although the former president was unharmed.and is widely expected to begin trimming interest rates, although traders are largely split over the scale of the potential cut.Wednesday’s cut is likely to set the tone for the Fed’s plans to begin easing monetary policy, as it grapples with some concerns over a cooling economy and labor market.
Lower rates are also expected to provide a more accommodating environment for equities in the coming months.Wall Street indexes saw a strong performance last week despite sticky inflation readings, as heavyweight technology stocks were buoyed by some bargain buying and a resurgence in hype over artificial intelligence.Markets had so far shown a limited reaction to reports of a second assassination attempt on Trump.
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