Tech Rally Propels Wall Street Amid Fed Policy Uncertainty
U.S. stock index futures held steady after a tech rally pushed Wall Street to new highs. Investors await Federal Reserve Chair Jerome Powell’s economic comments, as conflicting Fed signals impact rate expectations. Key individual performances and AI developments also influence market dynamics.
On Tuesday, U.S. stock index futures remained largely unchanged following a technology-driven surge that catapulted Wall Street to record closing highs for the third consecutive session. Investors keenly anticipate Federal Reserve Chair Jerome Powell's remarks, which could be pivotal in shaping monetary policy expectations.
Powell's comments come as traders grapple with mixed signals from the Federal Reserve. Some officials have advocated for measured rate cuts to manage inflation, while others caution against over-tightening, which could harm the labor market. The Federal Reserve's delicate balancing act continues to draw scrutiny amid inflationary pressures.
Performance indicators, including S&P Global's September manufacturing PMI, await release, while key voices such as Fed Governor Michelle Bowman will weigh in on economic direction. Meanwhile, significant corporate moves and international orders, such as Boeing's agreement with Uzbekistan Airways, underscore the dynamic market landscape.
(With inputs from agencies.)
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