Sunday Night Futures

• FOMC Preview: Fed to Cut Rates

Monday:
• 8:30 AM ET: The New York Fed Empire State manufacturing survey for September. The consensus is for a reading of -4.0, up from -4.7.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 5 and DOW futures are up 69 (fair value).

Oil prices were up over the last week with WTI futures at $68.65 per barrel and Brent at $71.61 per barrel. A year ago, WTI was at $91, and Brent was at $96 – so WTI oil prices are down about 25% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.13 per gallon. A year ago, prices were at $3.85 per gallon, so gasoline prices are down $0.72 year-over-year.