Stock Market Update
20-Feb-25 12:35 ET
Stocks move higher, rate cut expectations remain steady
Dow -547.11
at 44080.48,
Nasdaq -135.13
at 19921.12,
S&P -39.09
at 6105.06
[BRIEFING.COM] The major indices crept slightly higher in recent trading. The S&P 500 sports a 0.7% decline.
A short time ago, St. Louis Fed President Musalem (FOMC voter) said in a speech that he views the risk that progress on inflation could stall as being greater than the risk of substantial labor market weakening.
Rate cut expectations haven't shifted much recently. The fed funds futures market sees a greater than 50% probability of a rate cut by the June FOMC meeting, according to the CME FedWatch Tool.
