Suddenly, the Fed interest rate cut in December looks like it is very much back on the table

Asian stocks were down this morning and Europe was flat, but investors in U.S. equities were ignoring all that in renewed hopes that the U.S. Federal Reserve will cut interest rates in December, thus fueling asset markets with a new round of cheaper money. Nasdaq 100 futures were up 0.46% this morning, premarket. S&P 500 futures were up 0.25%, after the index closed up 0.98% on Friday. Last week, Wall Street seemed to have decided that a December cut was off the table. On Wednesday, the CME Fedwatch futur ...