Stock Index Futures Climb as AI Jitters Ease, FOMC Minutes and U.S. Economic Data in Focus

Meanwhile, U.S. rate futures have priced in a 92.1% probability of no rate change and a 7.9% chance of a 25 basis point rate cut at the next FOMC meeting in March.Fed Governor Michael Barr said on Tuesday that interest rates should remain unchanged until officials see clearer evidence that inflation is moving toward the central bank’s 2% target. “I would like to see evidence that goods price inflation is sustainably retreating before considering reducing the policy rate further, provided labor market condit ...