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Nov 29, 2023
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Futures rise on growing bets of rate cuts next year

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© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November src7, 2023. REUTERS/Brendan McDermid/File Photo By Shristi Achar A and Amruta Khandekar (Reuters) -U.S. stock index futures rose on Wednesday as Treasury yields slipped to multi-month lows on growing optimism about an interest

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© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November src7, 2023. REUTERS/Brendan McDermid/File Photo

By Shristi Achar A and Amruta Khandekar

(Reuters) -U.S. stock index futures rose on Wednesday as Treasury yields slipped to multi-month lows on growing optimism about an interest rate cut from the Federal Reserve next year.

Wall Street indexes ended marginally higher on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to ease.

Other similar positive comments sent Treasury yields tumbling, with the yield on the benchmark src0-year note last at an over two-month low of 4.2840%. [US/]

“This w

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