(Reuters) - U.S. stock index futures edged higher on Wednesday on expectation of a pause in interest-rate hikes by the Federal Reserve, even though ...
- U.S. stock index futures edged higher on Wednesday on expectation of a pause in interest-rate hikes by the Federal Reserve, even though gains were capped by worries over the economicMusicians, humour and stories galore help Bruce Guthro's Celebration of Life | SaltWire - U.S.
"The Fed's updated projections are likely to show one more hike in 2023, higher growth in 2023/24 but with the aim to stabilize inflation," said Gabriele Foà, Portfolio Manager at Algebris Investments. Financial markets have priced in a 99% chance that the Fed will leave rates unchanged and a 69% likelihood of standing pat in November, according to CME's FedWatch tool.
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