U.S. stock index futures ticked higher on Monday, as mixed global economic data ...
FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., September 5, 2019. REUTERS/Brendan McDermid
Stocks were set to extend gains from last week, which ended with Fed Chairman Jerome Powell saying the Fed would “act as appropriate” to sustain economic expansion, a phrase that financial markets have read as signs of an interest rate cut ahead. Traders see a 91.2% chance of a quarter percentage point cut in Fed’s September policy meeting, up from 90% on Friday, according to CME’s FedWatch.gained 1.8% last week as a slew of positive global economic news, including China's decision to slash bank reserve requirements, more than offset mixed set of domestic economic data.
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