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🌎US STOCKS RISE AMID RATE OPTIMISM

🌎US STOCKS RISE AMID RATE OPTIMISM

Day: 09 | Time: 14:57:20 The major US index futures are indicating a higher open on Tuesday, following the mixed performance in the previous session. Stocks could benefit from optimism about interest rate prospects ahead of key economic events this week. However, early trading may be influenced by reactions to comments from Federal Reserve Chairman Jerome Powell, who is set to deliver his monetary policy speech in front of the Senate Banking Committee this morning. Powell is also scheduled to testify before the House Financial Services Committee on Wednesday. Later, the Department of Labor will release reports on consumer and producer price inflation, which could have an even more significant impact on interest rate expectations. If the consumer price report shows an expected slowdown in the annual price growth rate, it could strengthen optimism for a rate cut in September. US stocks closed mixed on Monday, with the Nasdaq and S&P 500 reaching new all-time highs, while the Dow closed in negative territory.