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3 days ago

Wall Street was on track to open slightly higher on Friday as investors reevaluated the possibility of a bigger interest rate cut by the Federal Reserve next week, while Boeing fell after the planemaker's factory workers went on strike.

Traders' bets of a 50-basis point rate cut jumped overnight, now standing at 43% compared with 14% on Thursday, CME's FedWatch Tool showed.

Former New York Fed President Bill Dudley said there was a strong case for a 50-bps interest rate cut. Separate media reports calling the decision "a close call" also added to the uncertainty.

"A couple of articles were published in the

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