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Fed Poised for Rate Cut, Signals Limited Easing Ahead

                                                          US Federal Reserve Chair Jerome Powell The Federal Reserve is widely expected to cut interest rates at its upcoming meeting, marking a shift in monetary policy aimed at supporting economic growth amid cooling inflation and slowing demand. While markets have anticipated a series of reductions, policymakers appear cautious, with signals suggesting only one additional cut may be on the horizon for next year. This measured approach reflects the Fed’s balancing act: easing financial conditions to sustain momentum while avoiding overstimulation that could reignite price pressures. Investors are closely watching the central bank’s language for clues on the trajectory of borrowing costs, as households and businesses continue to navigate a delicate economic environment....
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S&P 500 and Nasdaq Futures Steady Near Record Highs

US stock futures are holding near record-high levels as Wall Street remains bullish. Here are the key highlights:

  1. Tech-Fueled Rally Continues:

    • The S&P 500 and Nasdaq have been on a tear, driven by a tech-fueled rally.
    • Evercore ISI raised its year-end price target for the S&P 500 to 6,000, while Goldman Sachs increased its target to 5,600.
    • Last week, the S&P 500 crossed the 5,400 level for the first time.

  2. Market Catalysts:

    • After last week’s double dose of inflation reports and the Federal Reserve meeting, fewer catalysts are expected this week.
    • Wednesday’s retail sales report will provide insight into the health of the US consumer.
    • Fed policymakers may continue discussing rate cuts; Minneapolis Fed President Neel Kashkari hinted at a possible December rate cut.

  3. Nasdaq’s “Perfect” Week:

    • The Nasdaq Composite achieved a fifth-straight record close last Friday.
    • Futures tied to the Nasdaq gained around 0.1%.

  4. Dow Jones Industrial Average:

    • Dow futures lost about 0.2%.

In summary, Wall Street remains optimistic, but investors are closely watching economic data and Fed decisions. Stay tuned for further updates!


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