Expectations for a further quarterly percentage point cut in September are at 98%, according to CME FedWatch tools.
"The sentiment seems to be improving on hopes of signals of more monetary relief from the Fed and other global central banks in the days ahead," wrote Priscilla Thiagamoorthy, a BMO financial analyst, in a note to investors.
This shift in sentiment helps increase risk-averse assets such as equities and raises the 1
Gold, also a safe harbor investment, slides by prices down 0.3% to $ 1,500. Oil prices sat 0.8% lower at $ 55.68 a barrel, retreating from previous highs following a report by the US Energy Information Administration that showed falling inventories in the United States.
The US dollar, measured by the ICE US Dollar Index, has changed little, and was in wait-and-see mode ahead of the afternoon release.