Outlook 08/01: Stock futures tick higher Thursday as investors weighed another meeting with no change in rates. On Wednesday, Federal Reserve officials announced they’re holding short-term interest rates steady. However, they did specify that inflation is getting closer to the central bank’s target, meaning rate cuts could be on the horizon. When speaking with reporters following the decision, Fed Powell said that a rate cut could come as early as September if inflation continues to ease. “If that test is met, a reduction in our policy rate could be on the table as soon as the next meeting in September,” Powell said.
ESU24 (SEP2024): YVAH 5576 YPOC 5560 YVAL 5540 GAP 5567
/ES Plan: Yesterday market closed bullish (PBT 5667), and overnight continues on that way (PBT 5609), moving above previous value, so these're the opening and initial balance options for today:
