Markets Slipping From Record Highs Amid Rate-Cut Debate. Stock Futures Down Ahead of PPI Data.

S&P 500 futures were falling 0.1% and Nasdaq 100 futures were dropping 0.2%. The S&P 500 and Nasdaq Composite Index both reached record closing highs for a second consecutive day on Wednesday, after Treasury Secretary Scott Bessent said there was a good chance the Federal Reserve could slash rates by half a percentage point next month.

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