U.S. stock index futures were muted Thursday morning as Wall Street's rally on hopes of an imminent rate cut from the Federal Reserve looked set to slow.
on Tuesday further fueled expectations that the U.S. central bank is moving closer to cutting interest rates, causing U.S. stocks to surge. The Dow jumped more than 500 points on Tuesday, its second best day of the year, and continued its rally into Wednesday.
Markets will be monitoring ongoing global trade tensions, however, particularly the threat from President Donald Trump to impose a 5% tariff on all Mexican imports, in a political ploy criticized even by members of his own party.
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