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Fed Rate Hike Pause

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finance2 years ago

"Stock Futures Slip as Dow's Winning Streak Takes a Pause"

US stock futures slipped, indicating a possible pullback in the record-setting rally as cooling inflation overseas boosted expectations of early interest-rate cuts. The Dow and S&P 500 futures were down around 0.2%, while Nasdaq 100 futures fell 0.3%. Despite hawkish comments from Federal Reserve officials, investors remain optimistic. A drop in UK inflation and German wholesale inflation added to the positive sentiment. However, concerns arise about whether faster rate cuts could lead to an economic downturn. Investors will closely watch upcoming data for clues on the Fed's ability to achieve a "soft landing." FedEx shares tumbled 9% in premarket trading after missing profit expectations and cutting its full-year revenue forecast.