US stock futures stable ahead of Fed meeting, focus on future easing plans

From Investing.com: 2024-12-15 19:03:26

U.S. stock index futures remained steady on Sunday evening ahead of the Federal Reserve meeting. Recent data showed inflation sticking in November, potentially impacting interest rate decisions. Nasdaq futures were flat at 6,128.0 points, S&P 500 futures at 22,074.25, and Dow futures at 44,367.0 points.

The Federal Reserve is expected to announce a rate cut after its meeting on Wednesday. Analysts predict a total decrease of 100 bps in 2024. Focus is on future easing plans amidst inflation concerns and a strong job market. Fed officials hint at a slower pace of rate cuts in 2025.

Wall Street indexes remain close to record highs, driven by tech sector strength. Optimism over artificial intelligence and positive earnings from chipmakers like Broadcom and NVIDIA have boosted market sentiment. The Nasdaq closed flat at 6,051.09 points, S&P 500 rose 0.1% to 19,926.72, and Dow fell 0.2% to 43,828.06 points.



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