U.S. stocks are set to open modestly higher on Friday, remaining close to record highs reached this week as the markets digest the Federal Reserve rate cut following Trump's win and as investors look ahead to next week's inflation data. The Fed cut rates by 25 basis points as expected and te market sees another cut coming in December. However, rate cut expectations for next year have been lowered.
Fiona Cincotta is a financial journalist who writes for City Index, with her work also appearing in TalkMarkets and Forex. She specializes in providing forecasts and analysis on major currency pairs, stock indices, and commodities, helping traders make informed decisions in the financial markets.