Stocks Set to Rebound as Investors Hope for Signs of Cooling Economy
• US stock futures point to a rebound on Thursday, led by tech and chipmakers after strong TSMC earnings • Hopes fading for a Fed rate cut in early 2024 after comments from central bankers • Investors eyeing fresh data on jobless claims, housing starts, and building permits for signals on rates • Atlanta Fed President Raphael Bostic speaking today, watched for deviation from rate-cut pushback • Stocks struggling to gain traction in 2023 as mixed data tests faith in imminent Fed pivot