S&P futures are indicating a flat open today. Asian markets finished Thursday trading mixed, and European equity markets are extending recent rallies in early trades. For today's highlight, The July FOMC minutes highlighted increased employment risks and indicated that a majority of participants consider a September rate-cut likely appropriate. The minutes reaffirmed that inflation is moving toward the 2% target, though it remains somewhat elevated. While some officials supported a 25 basis point cut in July, the consensus leaned towards a September adjustment. Following BLS payroll revisions, markets increased odds of a 50 basis point hike in September.
Companies Mentioned: Paramount Global (NASDAQ:PARA), Telefonica (BME:TEF), Halliburton (NYSE:HAL)