U.S. stock index futures rose as evidence of progress on inflation reignited hopes for a Federal Reserve rate cut this year. Traders are pricing in a higher chance of a rate cut in September, with bets increasing after a report showed U.S. inflation rising.
Fed seen on track for Sept start to US rate cuts https://t.co/ErB6tTbjA3 https://t.co/kChzMZPLBz
⚠️ TRADERS ADD TO BETS ON SEPTEMBER START TO FED RATE CUTS Full Story → https://t.co/38EMnewUqq Traders added to bets that the U.S. Federal Reserve will deliver its first interest rate cut this year in September, after a government report on Friday showed U.S. inflation rose… https://t.co/1lPfpkqzqa
⚠️ FUTURES EXTEND GAINS AFTER MARCH PCE DATA Full Story → https://t.co/jHU1s9ybcg U.S. stock index futures extended gains on Friday, as fresh evidence of progress on the inflation front reignited hopes that the Federal Reserve could cut interest rates sometime this year. https://t.co/7h6QgJXdHt