Investing.com -- U.S. stock futures tick lower ahead of week that is set to be highlighted by a Federal Reserve interest rate decision and crucial inflation data. Elsewhere, Elliott Investment Management reportedly takes a stake in Southwest Airlines closely-monitored FedWatch Tool, there is now a roughly 53% chance the Fed will bring rates down from their current level of 5.25% to 5.5% as soon as September.
The report comes as Southwest’s shares are trading down nearly 4% so far in 2024 and are hovering below their level in March 2020, when the COVID-19 pandemic sparked travel restrictions that weighed heavily on the wider airline industry.
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