© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2023. REUTERS/Brendan McDermid/File photo
(Reuters) – U.S. stock index futures were largely muted on Tuesday, as investors awaited comments from a host of Federal Reserve officials for clues on the monetary policy path, while Zscaler (NASDAQ:) shares declined following the company’s quarterly update.
Wall Street ended lower on Monday with investors taking a post-Thanksgiving pause, though all three major indexes remained on course for monthly gains, snapping three straight months of losses, on growing rate cut optimism.
The rebound in equities in November has brought the within a very close range of its 2023 intra-day high.
Multiple policy voting members are scheduled to speak during the day, including Board Governors Christopher Waller and Michelle Bowman. Market participants will closely monitor for any cues on the interest rate path, as focus shifts to the likely timing of a rate cut.
Money markets have almost fully priced in a pause in rate-hikes at the December meeting, with expectations of at least a 25-basis point rate cut in May 2024…
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