Futures gain as investors cheer rate cut prospects
(Reuters) -Wall Street's three main indexes were set to open higher on Wednesday as Treasury yields slipped to multi-month lows on growing optimism about an interest rate cut from the Federal Reserve next year. Wall Street indexes ended marginally higher on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to ease. Other similar positive comments sent Treasury yields tumbling, with the yield on the benchmark 10-year note last at an over two-month low of 4.3090%.
Source: yahoo.com
