With the rise in energy prices and increasing concerns over inflation, the anticipation of interest rate cuts by the Federal Reserve is diminishing. Participants in the fed funds futures market have effectively ruled out a rate cut in September and now anticipate only one reduction, projected for December, as indicated by the CME gauge. In Read More
Nasdaq futures indicated a positive opening on Wednesday, coinciding with the Federal Reserve’s announcement regarding the decision on interest rates, alongside earnings reports from various prominent tech firms within the Magnificent Seven. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average indicated increases of 0.9%, 0.3%, and less than 0.1%, respectively. Yesterday, Read More
