US stock index futures steady with Fed meeting, rate cut on tap
Investing.com-- U.S. stock index futures moved little in evening deals on Monday, steadying after a mixed session on Wall Street amid speculation over a widely expected interest rate cut by the Federal Reserve.at the conclusion of a two-day meeting on Wednesday, with market expectations shifting more towards a bigger, 50 basis point cut in recent sessions.
Recent data showed that while the labor market cooled, inflation remained sticky- a trend that could complicate the Fed’s plans to cut rates further.Caution over the Fed saw Wall Street clock a mixed session on Monday, although some flows into economically sensitive sectors saw the Dow hit a record high.) rallied over 7% after it announced plans to spin off its foundry business, and that it will sell off part of its stake in Altera.
The move comes just a month after Intel clocked heavy share losses on disappointing quarterly earnings.) rose slightly after the firm announced a $60 billion share buyback program, and also hiked its quarterly dividend by 10%.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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