Futures edge up on rate cut hopes; Fed speakers awaited
Wall Street's main indexes posted their best weekly performance in about a year on Friday, boosted by tumbling U.S. Treasury yields as a weaker-than-expected monthly payrolls report spurred hopes that the Fed could start cutting rates next year. "US payroll report was at the sweet spot for markets- weak enough to suggest that Fed should be done with rate hikes, but not so weak as to raise alarm bells for the economy," said Mohit Kumar, chief Europe economist at Jefferies in a note. Traders' bets that the Fed will hold interest rates steady in December stand at 90%, while ...