Nasdaq futures rose on Thursday, supported by a surge in Meta Platforms after its strong third-quarter revenue forecast lifted megacap growth and technology stocks, and hopes that the U.S. Federal Reserve's July rate hike was the last this year.
earlier this week, which show that consumers, and advertisers eager to reach them, are spending despite broad economic concerns.Fed Chair Jerome Powell said the economy still needed to slow and the labor market to weaken for inflation to "credibly" return to the U.S. central bank's 2% target.
"As a result, we expect that the FOMC will skip September in order to slow the pace and will then conclude in November that inflation has slowed enough to make a final hike unnecessary."
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