US Futures Waver
2025-09-26 10:44
By
Joana Taborda
1 min. read
US stock futures hovered around the flatline on Friday as traders awaited the highly anticipated PCE report and digested fresh tariff developments.
The inflation data is expected to influence bets on the Fed’s policy path, following stronger-than-expected GDP growth and lower jobless claims that slightly reduced expectations for rate cuts.
Markets still anticipate the Fed will lower the federal funds rate by 25bps in both October and December.
On the trade front, President Trump announced a 100% tariff on branded or patented pharmaceutical products starting October 1st, unless manufacturers build plants in the US.
Additional measures include a 25% duty on heavy trucks, a 50% tariff on kitchen cabinets and bathroom vanities, and a 30% tax on upholstered furniture imports.
In premarket trading, Eli Lilly rose about 2% and Pfizer gained 0.9%.
Trump also advanced plans for American investors to acquire TikTok’s US operations from its Chinese owner ByteDance.