Stock Index Futures Steady After Tech-Led Selloff, U.S. ADP Jobs Report and Alphabet Earnings in Focus

U.S. rate futures have priced in a 91.0% chance of no rate change and a 9.0% chance of a 25 basis point rate cut at the next FOMC meeting in March.Richmond Fed President Tom Barkin said on Tuesday that last year’s rate cuts have helped bolster the labor market as policymakers now work to bring inflation back toward the central bank’s target. “I think of these cuts as having taken out some insurance to support the labor market as we work to complete the last mile to bring inflation back to target,” Barkin sa ...