Wall Street Futures Surge on Hopes of a December Rate Cut

Wall Street futures showed a sharp rise recently, as investors are increasingly betting that the Federal Reserve may cut interest rates as early as December. The odds of a 25-basis-point rate cut in the December 10-11 meeting jumped to around 67%, up from the low 40s just a week earlier. These expectations were helped by comments from some Fed officials suggesting a possible shift in direction toward easing. The potential for lower rates has given markets a reason to bounce back after recent losses, especially in sectors that are sensitive to borrowing costs. While this boost is positive, many eyes are on upcoming economic data—such as retail sales, producer inflation, and industrial production—to confirm whether the cut may happen. In short: optimism is rising, but underlying economic strength still must align with those expectations.