Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Sept 22 - Wall Street index futures inched up on Friday after concerns over interest rates battered stocks in the prior session, while investors awaited data and comments from policymakers to assess the Federal Reserve's next steps.
The benchmark S&P 500 and tech-heavy Nasdaq were on track for their worst week since March after the U.S. central bank delivered a hawkish pause on Wednesday, dampening hopes for policy easing before 2025. Traders' bets on the benchmark rate remaining unchanged in November and December stood at 74% and 55%, respectively, according to CME's FedWatch tool.
The Detroit Three automakers are also in focus as they enter the final hours to reach new labor agreements with the union before the current strike expands to more plants.
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