US futures jump as investors look to the Fed for more rate cut clues
From Yahoo Finance:
US stock futures climbed on Monday as investors await the Fed’s policy meeting where projected rate cuts may be reduced. Apple is discussing the integration of Google’s AI engine into the iPhone. The 10-year Treasury yield is at 4.31% amid expectations of stubborn inflation. The Fed is expected to keep rates steady and update its dot plot. Wall Street’s hopes for rate cuts were dampened by faster-than-expected inflation in February. Lower rates could benefit consumers and industries, reducing recession risks and boosting stock appeal. Apple may use Google’s AI engine in the iPhone. Earnings reports from Cosan and StoneCo are expected. Homebuilder confidence data for February will be released.
Read more at Yahoo Finance: US futures jump as investors look to the Fed for more rate cut clues