U.S. stock futures indicate slight gains as investors anticipate the outcome of the presidential election.
U.S. stock futures ticked up slightly early Tuesday, signaling cautious optimism among investors ahead of two critical events: the U.S. presidential election and a likely Federal Reserve interest rate cut.Futures for the S & P 500 and Dow Jones Industrial Average both gained 0.2 percent before the market opened.Uncertainty surrounding election results, which may take days or even weeks to finalize, adds to the potential for future market fluctuations.
A scenario in which interest rates curb inflation without causing a recession is described by Gregory Daco, chief economist at the tax and accounting firm EY, as 'essentially the soft landing that many of us dreamed of.''You really have the best of both worlds, with consumer spending growth remaining resilient and inflation moving within striking distance of the Fed's two percent target.
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