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U.S. stock index futures rose rapidly, and Nasdaq 100 futures rose 1.1%.

U.S. stock index futures rose rapidly, with Nasdaq 100 futures expanding to 1.1%; S & P 500 futures rose 0.8% and Dow futures rose 0.9%.

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Futures traders raised the probability of the Fed cutting rates by 25 basis points in September to 74.5 percent from 65 percent Wednesday night.

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Fed cuts 2024 rates by less than 100 basis points

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