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Market Now Sees 50/50 Odds of September Rate Hike
Barrons.com22d agoneutral
Market Now Sees 50/50 Odds of September Rate Hike

The odds that the Federal Reserve will hike rates at its September meeting fell to 48% from 63% just yesterday, according to CME FedWatch. Federal Reserve Gov. Christopher Waller said he's open to holding rates steady, driving the downturn in the probability of a September hike.

US futures mostly lower and oil prices climb due to ongoing clashes around Iran
Associated Press22d agoneutral
US futures mostly lower and oil prices climb due to ongoing clashes around Iran

U.S. futures are mostly lower and oil prices continued to climb with the violence in the Middle East ongoing. Fighting between the U.S. and Iran intensified after the U.S. hit Iranian rocket launchers Sunday on an island in the Strait of Hormuz, saying Iran was planning to use them to send mines into the waterway. S&P 500 futures fell 0.1%, and Dow Jones Industrial Average futures were little changed.

Review & Preview: Bucking the Trend
Barrons.com23d agoneutral
Review & Preview: Bucking the Trend

Markets bounced back on Wednesday following a three-day losing streak, as they shook off rising yields and higher oil prices. The Nasdaq Composite and the S&P 500 both gained 0.5%. Wednesday’s rebound doesn’t have any real “fundamental justification,” says José Torres, senior economist at Interactive Brokers.