Inflation data showing a cooler trend fuels market optimism for a September rate cut, with over 70% probability, impacting US stock futures positively.
Positive performances from megacaps like Oracle, driven by cloud services demand. Market attentive to Fed's meeting for interest rate decision and Jerome Powell's insights on future policy.
Traders focused on Oracle's cloud agreements with Google and OpenAI, despite some quarterly result misses. Fed's economic projections and Powell's comments will heavily influence post-meeting market volatility.
Hawkish comments from the Federal Reserve could impact stock market, potentially causing price corrections post-meeting. Traders bracing for increased volatility as they react to the Fed's statements emerging from today's meeting.
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