US stock futures slip after Fed chair Jerome Powell pours cold water on investors' hopes for early rate cuts
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US stock futures fell ahead of Monday's opening bell as Federal Reserve Chair Jerome Powell said the Fed may only cut interest rates three times this year. Treasury yields also climbed higher as investors mulled Friday's blowout jobs report. Futures for the S&P 500, Dow Jones Industrial Average, and Nasdaq slipped in early-morning trading. Powell appeared on '60 Minutes' and said the Fed still plans to cut interest rates three times in 2024. Cosmetics conglomerate Estée Lauder and pharma company were the S&P 500's biggest risers ahead of the opening bell.
#UsStockFutures #FederalReserve #InterestRateCuts #JeromePowell
https://markets.businessinsider.com/news/stocks/stock-market-today-federal-reserve-jerome-powell-interest-rate-cuts-2024-2
Markets Insider /
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2024-02-05 14:35:43
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2024-02-05 14:35:43Event JSON
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"content": "US stock futures slip after Fed chair Jerome Powell pours cold water on investors' hopes for early rate cuts\n==========\n\nUS stock futures fell ahead of Monday's opening bell as Federal Reserve Chair Jerome Powell said the Fed may only cut interest rates three times this year. Treasury yields also climbed higher as investors mulled Friday's blowout jobs report. Futures for the S\u0026P 500, Dow Jones Industrial Average, and Nasdaq slipped in early-morning trading. Powell appeared on '60 Minutes' and said the Fed still plans to cut interest rates three times in 2024. Cosmetics conglomerate Estée Lauder and pharma company were the S\u0026P 500's biggest risers ahead of the opening bell.\n\n#UsStockFutures #FederalReserve #InterestRateCuts #JeromePowell\n\nhttps://markets.businessinsider.com/news/stocks/stock-market-today-federal-reserve-jerome-powell-interest-rate-cuts-2024-2",
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