US stock futures edge lower as hawkish Waller cools rate cut hopes By Investing.com
From Investing.com: 2024-03-27 20:05:03
U.S. stock index futures dipped after hawkish comments from Fed Governor Waller, caution ahead of final Q4 GDP and upcoming inflation data. Stock market hit record highs, S&P 500 up 0.9%, Dow boosted by Merck & Co. Utility stocks surged, tech stocks like NVIDIA lagged. Waller sees no hurry for rate cuts, citing strong economy. More data on inflation awaited from PCE report, addresses from other Fed officials on Friday for further market cues. Overall trading volume subdued ahead of Good Friday holiday.
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