Futures on Wall Street are trading flat during the premarket session on Thursday as traders seek further insights into the future of monetary policy. The sentiment remains fragile, with the S&P 500 Index closing in the red Wednesday for its third consecutive day. The market is questioning whether it may have overestimated the possibility of five interest rate cuts in 2024, starting in March. Yields on Treasuries are showing a slight uptick, with the 10-year yield rising by 5 basis points to reach 4.15%. Demand for a Federal Reserve repo facility has surged to its highest level since 2020 this …

Read More