US stock futures rise due to cooling economy, hinting at more rate cuts by the Fed

From Yahoo Finance: 2024-09-27 09:04:45

US stock futures rose as economic data suggested a cooling economy, increasing expectations of more rate cuts by the Fed. Treasuries rallied and the S&P 500 hit its 42nd closing high this year.

Inflation in the US rose slightly in August, with core prices up 0.1% from July and 2.7% year-over-year. Consumer spending increased 0.1%. Analysts see a “soft landing” for the economy, with the PCE price index showing mild inflation.

China’s stimulus announcements and Japan’s yen rebounded as Shigeru Ishiba won leadership. Europe’s Stoxx 600 climbed, but German bond yields fell due to low inflation, hinting at ECB rate cuts. Oil stabilized after a drop, gold saw third weekly gain.



Read more at Yahoo Finance: US Stock Futures Rise With PCE in ‘Sweet Spot’: Markets Wrap