U.S. stock futures mixed as markets anticipate key jobs report, with rate cut bets rising.

From Investing.com: 2024-06-03 06:29:49

U.S. stock futures mixed as new month of trading begins; indices gained in May. Dow futures down 32 points, S&P futures up 10 points, Nasdaq futures up 79 points. September rate cut bets rise after PCE data matches expectations. Market sees 47% chance of rate cut in September. Nonfarm payrolls data for May on the horizon, Fed meeting coming up. Fed expected to keep rates steady, comments on future rate decisions will be watched closely. Fed policymakers urge patience on rate reductions. Minneapolis Fed President suggests rates may need to remain on hold for an extended period.



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