Published on 23 Dec 2024 on Benzinga
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U.S. stock futures advanced on Monday following a tumultuous week which included the Federal Reserve’s hawkish rate cut on Wednesday and a “Triple Witching” hour session on Friday. Two out of the four major index futures were trading higher in premarket trade.
The 10-year and two-year Treasury yields stood at 4.53% and 4.32%, respectively. The probability of having no change in the interest rates for the upcoming Jan. 31, 2025 decision was at 91.4%, according to CME Group’s FedWatch Tool.