Reported about 6 hours ago
Wall Street is set for a subdued opening as investors assess strong economic data while eagerly anticipating a crucial inflation report that could impact the Federal Reserve's policy. The latest reports indicate the economy grew by 2.8% in Q3, and jobless claims are slightly lower than expected. Traders are increasingly betting on a potential interest rate cut, with economists projecting a 2.3% increase in prices for October, above the Fed's target. Concerns surrounding proposed tax cuts and tariffs from President-elect Donald Trump add to market caution.
Source: YAHOO