US stock futures slumped on Thursday as Wall Street eyed the US-China trade truce struck by Presidents Trump and Xi, cooling odds of another interest-rate cut, and the next tranche of Big Tech earnings. Dow Jones Industrial Average (YM=F) futures slipped 0.3%. Contracts on the broad benchmark S&P 500 (ES=F) also fell 0.3%, while those…
By Lewis Krauskopf NEW YORK (Reuters) – As the U.S. Federal Reserve restarts interest rate cuts, housing shares are one of the areas of the stock market that may benefit, and they have perked up in recent weeks as markets priced in more monetary easing. On Wednesday, the U.S. central bank lowered its benchmark rate…
By Howard Schneider WASHINGTON (Reuters) -The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh signs of higher inflation and President Donald Trump intensifying his demands for lower borrowing costs. Trump appeared near the point of trying to fire…