FX.co ★ US Futures Steady as Fed Meeting Eyed

U.S. stock futures remained stable on Monday as investors prepared for the upcoming Federal Reserve policy meeting this week. The market currently anticipates an 88% likelihood of a 25 basis point interest rate reduction on Wednesday, an increase from approximately 67% just a month prior. In addition, investors will be paying close attention to earnings reports from companies such as AutoZone, Oracle, Adobe, Broadcom, Costco, and Lululemon. The prior week saw a continuation of growth, with the major indices experiencing a second consecutive week of gains—the Dow increased by 0.5%, while the S&P 500 and the Nasdaq Composite rose by 0.31% and 0.91%, respectively. This optimistic sentiment was bolstered by a mild September Personal Consumption Expenditures (PCE) inflation report, indicating a limited effect on core expenses. The upcoming week also features important data releases, including the postponed October Job Openings and Labor Turnover Survey (JOLTS) report on Tuesday, which will offer insights into hiring trends, layoffs, and employee turnover rates.