September S&P 500 E-Mini futures (ESU24)are up +1.48%, and September Nasdaq 100 E-Mini futures (NQU24) are up +2.03% this morning on expectations the Federal Reserve’s half-percentage-point rate cut will steer the U.S. economy toward a “soft landing,” while investors awaited a new round of U.S. economic data and an earnings report from delivery services giant FedEx. The Federal Reserve cut its benchmark interest rate by a half percentage point yesterday, marking its first rate reduction in over four years. The Federal Open Market Committee voted 11 to 1 to reduce the federal funds rate to a ra…
