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Wall Street Futures Rise on Growing Fed Rate Cut Odds

Markets stabilized Monday as traders weighed rising Fed rate cut expectations in the face of impending tariff rollouts

People walk in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, Aug. 1, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
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Overview

  • Wall Street futures climbed about 0.6% Monday, recovering from Friday’s sharp sell-off triggered by weak July jobs data and new US import duties
  • Investors pushed odds of a September Federal Reserve rate cut to around 80%–90% after the economy added just 73,000 jobs in July and unemployment rose to 4.2%
  • President Trump’s fresh tariffs of 10%–41% on imports from Canada, India, Brazil, Taiwan and other partners are scheduled to take effect this week, reviving trade uncertainty
  • Asian markets extended their downturn into a seventh consecutive session before showing signs of stabilization, with mixed moves across major regional benchmarks
  • Political tensions over economic policy intensified as President Trump fired the Bureau of Labor Statistics commissioner and Fed Governor Adriana Kugler announced her early resignation