Fed Rate Cut Bet, Holiday Sales Boost

Stock market futures see mixed trading as investors await Feds next move on interest rates. Encouraging comments from New York Fed President, John Williams, offer relief but also highlight divided policymakers. Retail sales and producer prices data for September will gauge consumer spending amid layoffs and unemployment concerns. Despite worries, National Retail Federation predicts record-breaking holiday sales. Tech sector valuations remain a concern, with Wall Streets main indexes on track for monthly declines.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.