The Fed chairman is set to speak at 10 a.m. ET Friday from the central bank’s annual conclave in Jackson Hole, Wyoming.
Stock futures rose slightly in overnight trading Thursday as traders await an all-important policy speech from Fed Chair Jerome Powell for any guidance on future rate cuts.
"Powell is expected to lay the groundwork for the Fed's first rate cut in over four years," said Adam Turnquist, chief technical strategist at LPL Financial."Signs of reduced pricing pressures and cooling economic growth will likely be enough for policymakers to start reducing the target rate."
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