Nasdaq Futures Fall as Intel Sinks on Disappointing Outlook, U.S. PMI Data in Focus

“[Thursday’s] data should reassure the Fed that the economy remains on a solid footing, despite a cooler labor market,” said James McCann, an economist at Edward Jones. “Indeed, there looks to be little urgency to cut rates at next week’s meeting, and the central bank could stay on hold for longer should growth remain robust into 2026 and inflation continue to run at above target rates.”Data from the U.S. Department of Commerce released on Thursday showed that the core PCE price index, a key inflation gauge ...