Stock Market News: Dow Set to Open Up Amid Hope for Fed Rate Cuts
U.S. stock futures were rising and bond yields were retreating on Friday. Investors have been fretting about elevated interest rates for weeks, but the past few days have boosted hopes that the Federal Reserve will be able to cut borrowing costs at some point this year.
The mood on Wall Street has been improving since Wednesday’s consumer price index report showed core inflation had cooled last month,
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