News Formal

Stock market today: US futures tiptoe higher with labor data lying in wait

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Bets on Fed rate cuts are tentatively rising as investors weigh signs of a softer labor market and cooling economy.

US stocks nudged higher before the bell on Wednesday, buoyed by tentative optimism for interest-rate cuts amid signs of slowing labor demand and a cooling economy. S&P 500 futures rose roughly 0.2%, while Dow Jones Industrial Average futures added 0.1%. Contracts on the tech-heavy Nasdaq 100 led the slight gains, up 0.4%. The three major gauges managed to close narrowly in the green on Tuesday.

Cracks in the labor market could spur the Fed to begin lowering borrowing costs, but they are also a sign the economy could be headed for recession rather than a soft landing. Read more: How does the labor market affect inflation? That said, hopes for a Fed shift appear to be growing. About 65% of traders now expect policymakers to reduce the benchmark rate at their September meeting, compared with less than 50% a week ago, according to the CME FedWatch tool.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Stocks eke out gains as earlier rate-cut bets rise amid weak dataInvestors are weighing signs the surprising resilience in the US economy might be starting to show cracks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Markets today: Stocks and bonds gain as PCE bolsters fed-cut betsStock futures rose and bond yields fell as a cooldown in the U.S. Federal Reserve’s preferred inflation gauge reinforced bets policymakers will have room to cut rates this year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: stocks join bonds in falling as Fed-cut bets waneStocks and bonds retreated as data showing U.S. business activity accelerated amid a pickup in inflation reinforced speculation the U.S. Federal Reserve will remain on hold.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Markets today: U.S. stocks Join losses in bonds as Fed-cut bets waneStocks and bonds retreated as data showing U.S. business activity accelerated amid a pickup in inflation reinforced speculation the Federal Reserve will remain on hold.
Source: BNNBloomberg - 🏆 83. / 50 Read more »