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Stock market today: US futures edge up as rate-cut bets shift, with Nvidia on horizon

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Federal Reserve,Jerome Powell,Interest-Rate Cuts

Stocks are eyeing fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.

US stocks geared up on Monday to resume a rally spurred by the Federal Reserve's message that interest-rate cuts are imminent, ahead of aby the end of 2024. But with only three Fed meetings left in the year — in September, November and December — and the August jobs report still to come, Wall Street is wondering when and whether a 0.5% cut is likely.— the marquee event of the week — which will likely determine whether the market mood stays upbeat.

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