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Oct 9 - Stock index futures were little changed on Wednesday as investors awaited the minutes of the Federal Reserve's latest meeting for clues on the policy path, while Alphabet dipped after the U.S. said it was considering breaking up Google.
Indexes closed higher on Tuesday after rebounding from Monday's selloff, with technology stocks leading the charge as U.S. Treasury yields eased. "The tone of the Fed minutes should not change expectations of further rate cuts. The Fed is still scrambling to catch up with inflation slowing in the U.S. and started cutting rates late, but expectations about the pace of easing may be set by the minutes," said Paul Donovan, chief economist at UBS Global Wealth Management.
Investors are overwhelmingly pricing in a 25-basis-point cut at the Fed's November meeting, with some now seeing a slight chance the central bank will keep rates on hold, according to the CME FedWatch tool.
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