US Stock Futures Rise Amid Fed Rate Cut Expectations

According to BlockBeats, on August 30, analysts noted a slight rise in U.S. stock futures following the latest economic data, which reinforced expectations that the Federal Reserve will cut interest rates multiple times this year. U.S. Treasury yields remained largely unchanged, and the market is poised for its longest consecutive rise since 2021. The Fed's preferred measure of underlying inflation, the PCE index, saw a moderate increase in July, while household spending remained robust. Federal Reserve Chairman Jerome Powell stated last week that the time has come for the Fed to lower its key policy rate. He confirmed that Fed officials are expected to begin reducing borrowing costs next month and emphasized his intention to prevent further cooling of the labor market.