Stocks Set to Open Higher as U.S.-China Tensions Ease, Inflation Data and Earnings Awaited

U.S. rate futures have priced in a 98.9% chance of a 25 basis point rate cut at the conclusion of the Fed’s October meeting.St. Louis Fed President Alberto Musalem said on Friday that he could back another rate cut to support a cooling labor market but stressed that policymakers should decide on a meeting-by-meeting basis amid economic uncertainty. Musalem added that he views the current stance of Fed policy as “somewhere between modestly restrictive and neutral.”In Friday’s trading session, Wall Street’s m ...