By Michael S. Derby NEW YORK (Reuters) – Financial markets are heading into this week’s Federal Reserve meeting with more clarity over the outlook for the U.S. central bank’s ongoing balance sheet drawdown than they’ve had in a while, and those keeping close tabs on the process see it continuing into next year even as…
Stocks managed to secure solid wins ahead of a critical interest rate decision from the Federal Reserve, which has investors on edge over how aggressively the central bank will bring down interest rates. The tech-heavy Nasdaq Composite (^IXIC) led markets higher to nab its best week of the year, up about 6%. That weekly best…
US stock futures edged higher on Friday, setting the stage for strong weekly wins after Wall Street’s expectations for a jumbo interest-rate cut by the Federal Reserve shot up overnight. S&P 500 futures (ES=F) moved up 0.2%, while Nasdaq 100 futures (NQ=F) added 0.1% to point to a fifth day of gains for both gauges…
A look at the day ahead in European and global markets from Kevin Buckland European traders who went to bed thinking a quarter-point Fed rate cut was a lock for next week may well have had a rude awakening on this Friday the 13th, with the odds for a super-sized half-point reduction back at nearly…