Nasdaq futures suggested a notable drop on Friday, following a spike in oil prices prompted by President Donald Trump’s declaration that China had agreed to buy U.S. crude oil. Meanwhile, Kevin Warsh is set to take on the position of Federal Reserve Chair today. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Read More
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
