Subdued US stock futures pointed to a weaker open, with contracts on the S&P down 0.3% while those on the Nasdaq slipped 0.5%. Both indices made strong gains on Wednesday, when an in-line US inflation print cemented swap markets’ expectations of a quarter-point rate cut at the Fed’s December meeting. Signs of still-elevated inflation pressures and the prospect of a Fed rate pause in early-2025 kept investors on edge for the remainder. This morning was dominated by the last key indicators to be…
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