Money market moves show traders are pricing in about 48 basis points of rate cuts by the end of 2025, with a 55% chance of a 25-bps rate cut in September, according to CME Group's Fedwatch tool.

US stocks rise midday as oil prices fall and traders await Fed’s rate call; tech leads gains while energy lags. Forecast leans bullish into Fed week.

LI/iStock via Getty Images Oil prices held steady on Wednesday after an earlier dip, as investors assessed the supply-demand balance amid rising

Investors are regaining some appetite for risk amid rising optimism that the conflict won't spill over into a broader regional crisis.

Concerns over slowing U.S. demand were exacerbated by softer-than-expected private payrolls data, which showed the labor market was cooling. The print came just days before key nonfarm payrolls data for May, which is due on Friday.

LONDON: Oil prices held steady on Wednesday as concern around the OPEC+ groups next output increase were offset by Canadian supply pressures due to wildfires there, while global trade tensions continue to linger.

LONDON - Oil prices held steady on Wednesday amid global trade tensions and as ongoing OPEC+ output increases were offset by a hit to Canadian supply from wildfires. Brent crude futures inched 7 cents higher, rising 0.1%, to $65.70 a barrel by 1034 GMT. U.S. West Texas Intermediate crude was 3 cents higher, up around 0.1%, at $63.44.

Speculators bought 42,496 lots in NYMEX WTI over the last reporting week, leaving them with a net long of 163,078 lots as of last Tuesday, while buying in ICE (NYSE: ICE) Brent was more modest, with speculators purchasing 8,813 lots, leaving them with a net long of 167,763 lots.