Tag: brace

Investors brace for the Fed to dial back its 2024 rate cut predictions

Investors are on edge this week as Federal Reserve officials prepare to signal how many interest rate cuts are still likely in 2024. Most market watchers believe policymakers will dial their expectations back. The question is by how much. The new projection on Wednesday will come in the form of a so-called “dot plot,” a […]

Futures steady as markets brace for jobs data

(Reuters) – U.S. stock index futures were little changed on Friday, as investors awaited a crucial employment report for confirmation that growing slackness in the U.S. labor market meant the Federal Reserve has more room to reduce interest rates. The benchmark S&P 500 and the Nasdaq closed Thursday’s session slightly lower, dragged by falling technology […]

Cubans brace for long summer after scorching May

HAVANA (Reuters) – If May is any indication, Cuba is in for a long, hot summer, says Havana horse and buggy driver Osmel Valdes. The 52-year-old Havana resident runs a transport service through the Cuban capital’s sweltering streets. Shade is hard to come by so he lays a piece of scrap cardboard atop his horse […]

Futures slip as investors brace for inflation numbers

(Reuters) – U.S. stock index futures dipped on Friday ahead of a key inflation report that will test investor optimism about the scale and pace of interest-rate reductions by the Federal Reserve this year. Wall Street paused this week after a recent rally, with the benchmark S&P 500 index and the tech-heavy Nasdaq on track […]

Sell-off continues as markets digest new data, brace for PCE

Angela Weiss/AFP via Getty Images Stocks were lower again on Thursday, extending a sell-off in the holiday-shortened week. A revision to first-quarter GDP showed economic growth was less than initially reported, while inflation was also cooler. Markets are bracing for the release of PCE inflation data on Friday. US stock were down on Thursday as […]