Wall Street futures stood steady after a positive session in the main market, as growing conviction around a possible rate cut in December boosted risk appetite. Traders are now placing higher odds on the Federal Reserve cutting interest rates, believing a shift toward easing may be on the horizon. However, despite the optimism, markets are showing a degree of caution ahead of key inflation data in particular the upcoming Personal Consumption Expenditures Price Index (PCE), which the Fed considers closely. Technology stocks remain under pressure, with mixed results across major chipmakers, reminding investors that not all sectors will bounce back at the same pace. In short: hope is rising for easier policy, but the path depends heavily on the next wave of data.
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