Stock futures edge higher after Powell boosts expectations for Fed rate cut

MarketWatch | Jul 11, 2019 at 11:42 AM
  • Stock-index futures pointed to a higher start for Wall Street Thursday, attempting to build on gains that saw the Nasdaq Composite index end in record territory after Federal Reserve Chairman Jerome Powell reinforced expectations for an interest rate cut later this month.
  • Powell’s testimony was seen affirming expectations the central bank will move to cut interest rates when policy makers meet at the end of the month.
  • On the data front, the June consumer-price index is due at 8:30 a.m. Eastern.