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Express News | Iranian Foreign Minister: Iran and the US Reach Agreement on Negotiation Guidelines
Express News | Goolsbee of the Federal Reserve: Multiple rate cuts expected if inflation declines
Express News | The February Empire State Manufacturing Index for the U.S. was 7.1, compared to an expected 6.98 and a previous reading of 7.7.
Express News | In the four weeks ending January 31, the average weekly increase in employment in the U.S. private sector was 10,250 people.
Pre-market US stock outlook: The US engages in two-way negotiations in Geneva. Crude oil rose at one point during pre-market trading, while gold prices came under pressure. Concerns over high capital expenditures persist as the ‘Magnificent Seven’ tech gi
On Tuesday before the market open, the three major U.S. stock index futures declined. As of now, Dow Jones futures are down 0.26%, Nasdaq futures are down 0.87%, and S&P 500 Index futures are down 0.45%.
The US Dollar Index closed higher for two consecutive days: Expectations of Fed rate cuts are being questioned, and hedge funds are reducing their short positions.
The money market still expects the Federal Reserve to cut interest rates by approximately 64 basis points before the end of the year. However, some strategists believe that this expectation may be too high given the robust economic growth and potential inflationary pressures.