U.S. stock futures remained near the flatline as major averages struggled in the beginning of the second quarter. Policymakers are waiting for more evidence of inflation moving towards the central bank's target before considering rate cuts. Wall Street has adjusted its expectations for rate reductions, with a 62.3% likelihood of a cut at the Federal Reserve's June meeting. The strong ADP jobs report in March has raised concerns that rates may stay higher for longer.
U.S. stock futures flickered near the flatline Wednesday night as the major averages continued to languish in the start of the second quarter .that policymakers will need more proof that inflation is moving toward the central bank's 2% guideline before rates can come down. Atlanta Fed President Raphael Bostic also told CNBC that he thinks one cut might be in the cards.As a result, Wall Street has adjusted its expectations for rate reductions. Fed funds futures trading data now suggests a 62.
3% likelihood of a cut at the Federal Reserve's June meeting, down from about 70% last week, according to thein March, according to ADP. The result trounced Dow Jones' estimate of 155,000 and spurred investors' fears that rates may indeed stay higher longer. The 10-year Treasury note briefly "There's a lot of short-term volatility and nervousness in the bond market," said Larry Tentarelli, chief technical strategist for Blue Chip Daily Trend Repor
U.S. Stock Futures Major Averages Second Quarter Inflation Rate Cuts Wall Street Federal Reserve June Meeting ADP Jobs Report Interest Rates
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