HomeFinancial MarketsStocks Remain Steady as Investors Hope for Rate Cuts

Stocks Remain Steady as Investors Hope for Rate Cuts

New York stocks remained steady on Monday as a holiday-shortened week of trading got underway. Futures on the S&P 500 and the Dow Jones Industrial Average remained stagnant, while those on the Nasdaq 100 edged 0.2% upwards. This comes as investors become hopeful that the Federal Reserve will soon begin reversing its tight fiscal policy in an effort to combat inflation.

Following the release of economic data last week that pointed to signs of cooling inflation, markets have now priced a 30% chance that the Federal Reserve could implement its first interest rate cut as soon as March.

In order to get a clearer picture of the Fed’s economic outlook, investors will await the release of the minutes of the central bank’s meeting last week. Nvidia’s financial results are also awaited in order to gauge the artificial intelligence market. Both sets of results are due on Tuesday.

Warren Buffett to Step Down as Berkshire Hathaway CEO at the End of 2025

Warren Buffett is ready to step down as the CEO of multinational conglomerate Berkshire Hathaway. Buffet announced his decision while speaking at the company’s...

Microsoft Stock Soars on Better-Than-Expected Q3 Earnings

Microsoft reported better-than-expected third-quarter earnings on Wednesday, which caused the company's stock to soar by more than 8% in after-hours trading. Microsoft reported $3.46 in...

Gold Continues to Drop From Record Highs, Dollar Ends Its Slide

After reaching fresh record highs at the beginning of last week, gold has been in the midst of a continuous drop. Meanwhile, the U.S....