S&P Futures Tick Higher With Trump-Xi Call in Focus

U.S. rate futures have priced in a 91.9% probability of a 25 basis point rate cut and an 8.1% chance of no rate change at the next central bank meeting in October.“The Federal Reserve is cutting interest rates during a time when stocks are at record highs and the economy is still growing. This dynamic is bullish for stocks,” said Robert Schein at Blanke Schein Wealth Management.Economic data released on Thursday showed that the U.S. Philly Fed manufacturing index rose to an 8-month high of 23.2 in September ...