US stock futures mixed; uncertainty over Fed's rate cutting plans
Investing.com -- U.S. stock futures traded in a muted fashion Monday, starting a holiday-shortened week in a cautious fashion as investors awaited more economic data as well as comments from a number of Federal Reserve officials for clues of future monetary policy.
Economists are expecting retail sales to have risen 0.3% month-on-month, after the figure came in at 0.0% in April. Kashkari on Sunday said, in an interview on CBS, it's a"reasonable prediction" that the U.S. central bank will cut interest rates once this year, waiting until December to do it.) will be in the spotlight after the Wall Street Journal reported that activist investor Starboard Value has acquired a stake worth approximately $500 million in the design-software manufacturer, and is now advocating for changes.
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