Investors are pricing in an over 93% chance of a 25 basis point rate cut at the Fed meeting in November, according to the CME's FedWatch tool. Meanwhile...
- U.S. stock index futures slipped on Monday as investors dialed back bets on the scope of the Federal Reserve rate cuts this year, ahead of key inflation data, policymakers' comments and the third-quarter earnings season that starts later this week.
The rise in yields pressured rate-sensitive megacap growth stocks, pulling down Nvidia 1.5%, Amazon.com 2.1% and Apple 1.5% in premarket trading. Goldman Sachs raised its 2024 year-end S&P 500 target to 6,000 from 5,600, and also lowered its odds of a U.S. economic recession to 15% from 20%. Global Multihead Weighers Market to Reach USD 343.6 Million by 2033, Driven by Versatility and Accuracy in Packaging Industry | Future Market Insights, Inc.
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