Outlook 12/14: U.S. stock futures climb Thursday, boosted by a sharp decline in Treasury yields, after the Federal Reserve pointed to multiple rate cuts in 2024. The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond. With the inflation rate easing and the economy holding in, policymakers on the Federal Open Market Committee voted unanimously to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%. Along with the decision to stay on hold, committee members penciled in at least three rate cuts in 2024, assuming quarter percentage point increments. That’s less than what the market had been pricing, but more aggressive than what officials had previously indicated.
/ESH24 (MAR 2024): YVAH 4746 YPOC 4703 YVAL 4697 GAP 4763
/ES Plan: Yesterday market closed bullish, and overnight continues on that way, moving above previous value/range, so these're the opening and initial balance options for today:
