Traders continue to price in two Fed rate cuts this year.
traders continue to price in two rate cuts by the Federal Reserve this year. Previously, Trump nominated Kevin Warsh to be the Chairman of the Federal Reserve.
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The market awaits PCE, US stock index futures rise, 10-year US Treasury yield edges down, Brent crude drops 1%, gold stands above 4200.
Dow Jones futures rose 0.5%, S&P 500 futures increased by 0.3%, and Nasdaq 100 futures were up 0.2%. The yield on the 10-year U.S. Treasury note edged down slightly to 5.21%. Brent crude oil fell 1.0% during the day to $95.18 per barrel. Spot gold climbed above $4,200 per ounce, rising 0.44% on the day.
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