U.S. equity futures remained steady in Asia following solid gains, driven by optimism from Federal Reserve officials about managing interest rates for a soft economic landing. New York Fed President John Williams highlighted the strength of the U.S. economy, citing September’s strong jobs report and the potential for rate cuts as inflation cools. Traders have scaled back expectations for a 50-basis-point rate cut in November, with an 88% chance of a 25-basis-point cut now priced in.

U.S. Treasury yields stabilized after recent volatility, with two-year yields at 3.96% and 10-year yields at 4.01%. The U.S. dollar strengthened against the euro and yen, while the Australian and New Zealand dollars weakened. The Reserve Bank of New Zealand is expected to implement further rate cuts by year-end. Investors are also awaiting minutes from the Federal Reserve’s September meeting, which will provide additional insight into future rate decisions.