Wall Street Eyes Fed's Rate Cut, Economic Data with Cautious Optimism

U.S. stock index futures remained stable as investors anticipated upcoming economic data and Federal Reserve Chair Jerome Powell's comments. Expectations of an interest rate cut in December are high following recent inflation data, with traders anticipating favorable policies under Trump's administration impacting inflation and market dynamics.


Devdiscourse News Desk | Updated: 14-11-2024 18:07 IST | Created: 14-11-2024 18:07 IST
Wall Street Eyes Fed's Rate Cut, Economic Data with Cautious Optimism
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On Thursday, U.S. stock index futures showed little movement as investors awaited key economic data and insight from Federal Reserve Chair Jerome Powell regarding future economic and monetary policy directions.

Key data awaited include the October producer price index and the weekly jobless claims report, which analysts suggest might justify a rate cut in December. Investor confidence in a December rate reduction increased following the latest consumer price index figures.

Meanwhile, market dynamics shifted slightly with major indices like the Dow, S&P 500, and Nasdaq holding steady. Cryptocurrency-related stocks received a boost anticipating beneficial regulatory changes under President-elect Trump's administration.

(With inputs from agencies.)

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