Stock Futures Rise Ahead of Powell's Fed Speech But Rate-Cut Jitters Remain

Stock futures were rising early Friday ahead of Federal Reserve Chair Jerome Powell’s keynote speech at the symposium in Jackson Hole, Wyoming. Investors are growing slightly less confident about interest-rate cuts–the odds of getting more than two quarter-point moves by the end of the year have dropped to 27% from 37% yesterday, according to the CME FedWatch tool. Cleveland Fed President Beth Hammack said yesterday that she doesn’t see the case for a cut next month.

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