The comments from the Fed this morning have shifted a bit with Fed's Williams saying that policy is still restrictive and that could lead to a cut.
Fed Collins said that is important to be forward-looking and that there are risks to the labor market adding that the increased risks of labor market where good reason for cuts so far. She did however say that she is more concerned about inflation over the labor market.
Fed'sMiran is also speaking. He is the most dovish of the Fed officials. He says that the hopes if everyone was in Denver, the labor market data should convince people to cut in December
In the premarket for US stocks, the S&P is now up 36.74 points, the NASDAQ index is up 124 points, and the Dow industrial average is up 260 points.
Yesterday the stock market opened higher on the back of stronger than expected Nvidia earnings, but started to get back gains and then fell sharply with the NASDAQ down over 2%.
