Federal Reserve rate cuts remain top of mind ahead of September's policy meeting
Update: 2024-09-16
Description
It's another trading week and the biggest story on equities' (^DJI, ^IXIC, ^GSPC) minds is the Federal Reserve's September policy meeting on Wednesday, where officials are anticipated to begin cutting interest rates.
Takeaway
- US stock futures (ES=F, NQ=F, YM=F) are holding their ground Monday morning as markets price in the Federal Reserve's first interest rate cut in four years, expected at the central bank's policy meeting later this week.
- TikTok parent company ByteDance is headed to the US courts today to dispute the law that could see the popular social media app banned in the United States if its not sold off to a non-Chinese entity.
- Google (GOOG, GOOGL) antitrust trial surrounding its dominance in the online advertising market enters its second week.
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