Interest Rate Optimism May Lead To Strength On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Tuesday, 17 September 2024 09:10:13 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside following the mixed performance seen in the previous session. Stocks are likely to benefit from optimism about the outlook for interest rates ahead of the Federal Reserve?s monetary policy announcement on Wednesday. While the Fed is widely expected to lower interest rates, there remains some debate about the size of the rate cut. CME Group's FedWatch Tool is currently indicating a 67.0 percent chance of a half point rate cut and a 33.0 percent chance of a quarter point rate cut. Whether the Fed decides to cut rates by 25 or 50 basis points, the central bank is still expected to continue lowering rates over the remainder of the year. The futures remained positive following the release of... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports Retail sales in the U.S. unexpectedly crept higher in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales inched up by 0.1 percent in August after surging by an upwardly revised 1.1 percent in July. The uptick surprised economists, who had expected retail sales to dip by 0.2 percent compared to the 1.0 percent jump originally reported for the previou... [Read More]( --------------------------------------------------------------- Europe European stocks have advanced on Tuesday ahead of the Federal Reserve's interest rate decision on Wednesday and the Bank of England's announcement on Thursday. The Fed is widely expected to lower interest rates, but there remains some debate about the size of the rate cut. The U.K. CPI report due on Wednesday may significantly influence ... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia Asian stocks turned in a mixed performance on Tuesday as investors braced for the Federal Reserve's most anticipated meeting in years. A two-day policy meeting of the U.S. Federal Reserve gets underway later today, with markets seeing a nearly 70 percent probability of a 50 basis point rate cut to the 4.75-5.0 percent range on Wednesday. Gold ticked higher in Asian trading even as the dollar sell-off paused ahead of the U.S. retail sales data for August due later in... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.05 to $70.14 a barrel after jumping $1.44 to $70.09 a barrel on Monday. Meanwhile, a... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49