Federal Reserve signals potential rate cuts; investors await a rate reduction in September.
Stock futures remain mostly unchanged after the Federal Reserve's signal of potential rate cuts. Investors await a rate reduction, especially after early August's concerning economic data raised concerns about the US economy. Wall Street anticipates a rate cut at the Fed's September policy meeting. Key economic data, including initial jobless claims and the July personal consumption expenditures reading, will be closely watched by investors.
August 25, 2024
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