US STOCKS-Futures mixed as markets await more policy cues

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Jun 17, 2007
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U.S. stock index futures struggled for direction on Thursday as uncertainty about when the Federal Reserve will start easing financial conditions kept investors on edge as they awaited further policy cues from central bank officials. Signs of a weakening labor market and a tempering of the Fed's hawkish stance at its last meeting have pulled U.S. Treasury yields down from multi-year highs, helping equities stage a stellar comeback from their October lows. However, the rally has run out of steam as several Fed policymakers this week pushed back against market expectations that the central bank will begin cutting interest rates soon.
 
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