White House’s Hassett says ’happy to serve’ if chosen as Fed chair

Wall Street is set to open slightly higher as investors weigh the Federal Reserve's next steps regarding interest rates, amid a backdrop of fluctuating market conditions. This follows a period of cautious trading as expectations for a rate cut grow stronger, particularly in light of recent economic indicators.

Gold prices have eased as U.S. Treasury yields have risen, with investors closely monitoring the upcoming Federal Reserve decision on interest rates. This shift in gold prices reflects the market's response to changing economic indicators and expectations surrounding monetary policy.

Treasury yields remained relatively stable as markets await key economic data ahead of the upcoming Federal Reserve meeting, reflecting a cautious sentiment among investors.

Oil prices have edged lower as traders assess supply risks and expectations of interest rate cuts by the Federal Reserve. This decline reflects a cautious market sentiment amid increasing crude oil inventories and potential oversupply concerns for 2026.

Major brokerages have increased their expectations for a Federal Reserve interest rate cut in December, reflecting a significant shift in market sentiment as the Fed's policy meeting approaches. This development comes amid a backdrop of declining U.S. dollar values, which are under pressure due to growing concerns about the Fed's monetary policy direction.

The U.S. dollar is currently under significant pressure, facing its largest weekly decline in four months due to increasing expectations of interest rate cuts by the Federal Reserve. This sentiment shift among investors reflects growing concerns about the Fed's monetary policy direction, which has led to a reassessment of the dollar's strength.

Asia's foreign exchange market remained largely flat as investors weighed the implications of potential interest rate cuts by the Federal Reserve. The Indian rupee, however, reached a record low amid significant foreign outflows, highlighting concerns over economic stability in the region.

The U.S. dollar has edged lower as expectations for interest rate cuts by the Federal Reserve gain traction, while the Japanese yen has strengthened amid signals of potential rate hikes from the Bank of Japan (BOJ). This shift reflects changing market sentiments regarding monetary policy in both countries.