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Nasdaq Futures Gain on AI Optimism

Chicago Fed President Austan Goolsbee said on Thursday that new data from his staff indicates the labor market remains stable. “I think it indicates some steadiness in the labor market, and I think the underlying economy is still growing pretty solidly,” Goolsbee said. He reiterated that rates could be lowered “a fair amount” if policymakers gain confidence that inflation is moving back toward the Fed’s 2% target. Also, Dallas Fed President Lorie Logan said she will approach further rate cuts with caution a ...