forecast 🔮

U.S. Stock Index Pre-Market Performance

🟢 Pre-Market Trading Outlook 🟢
As of the pre-market session, U.S. stock index futures are edging slightly higher, with the S&P 500 still hovering near all-time highs. According to reports, President Trump is considering naming a successor to Federal Reserve Chair Jerome Powell later this year, as he grows increasingly dissatisfied with the Fed’s cautious approach to policy decisions. Trump is eager to see the Fed follow the lead of many global central banks and cut rates more aggressively.

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Attention is now turning to Friday’s release of the key Personal Consumption Expenditures (PCE) Price Index. This is the Fed’s preferred inflation gauge and comes on the heels of Powell’s testimony to Congress this week, where he reiterated the Fed’s patient stance on future rate decisions. Powell and other policymakers believe it’s prudent to wait and assess the broader impact of aggressive U.S. tariffs before making further moves.