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GLOBAL MARKETS-US Stocks Mixed, Dollar Weak on Rate Cut Expectations

September 16, 2024, 10.24 PM | Source: Reuters
GLOBAL MARKETS-US Stocks Mixed, Dollar Weak on Rate Cut Expectations

ILUSTRASI. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 9, 2024. REUTERS/Brendan McDermid

GLOBAL MARKET - NEW YORK/LONDON. Major stock indexes were mixed at the New York open on Monday and the dollar stayed soft against its global peers as all eyes looked to a Federal Reserve meeting later this week that is expected to usher in a hotly-anticipated easing cycle.

Expectations have grown that the Federal Reserve could cut rates by as much as half a point this week in a bid to keep the economy on course for a soft landing, all while managing slowing jobs growth and moderating inflation.

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