US stock futures rise as weak payrolls put rate cuts back on the menu
Investing.com-- U.S. stock index futures rose in evening deals on Sunday, following a strong session on Wall Street after weaker-than-expected labor data saw investors ramp up bets on a September rate cut.The first-quarter earnings season is set to continue this week, while a string of key Federal Reserve officials are also due to speak, with the latter offering more cues on interest rates.
While the labor market may be showing some signs of cooling, inflation still remains well above the Fed’s 2% annual target, and may delay any rate cut plans for the central bank. While Wall Street clocked a strong start to May, it was still nursing steep losses through April, hit by the prospect of U.S. rates remaining higher for longer. Even with Friday’s soft payrolls data, investors were still seeking more signs that the U.S. economy was cooling.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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