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Stock Futures Fall as Markets Brace for Delayed Economic Data
Stock Futures Fall as Markets Brace for Delayed Economic Data
The three major indexes rallied on Monday, with the Nasdaq notching its best day since May, after two more Federal Reserve policymakers signaled they would support a rate cut at the central bank’s Dec. 9-10 policy meeting. Traders are pricing in an 81% chance that the Fed lowers borrowing costs by a quarter point, up from 50% a week ago, according to the CME FedWatch tool.
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