US futures are indicating a higher open today, up +0.2% as market awaits the upcoming macro events. Asian equities traded mixed in another quiet session, and European equities are broadly firmer in early trades. Anticipation builds for the FOMC meeting on Wednesday and the BOJ meeting on Friday. Futures increasingly suggest a 50 basis point Fed rate cut, but the focus may shift to expected rate cuts in 2024 and 2025, totaling an anticipated 250 basis points by the end of 2025. The BOJ is expected to maintain current policy, but market attention will be on Governor Ueda's communication to guide expectations for future rate hikes without inciting the volatility seen after the 31-Jul meeting.
Companies Mentioned: Intel, AMD, Sony
09/17/24 • 4 min
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