U.S. stock index futures were higher Friday morning, as market participants awaited a key speech from the Federal Reserve's top official.
Market focus is largely attuned to the U.S. central bank's annual Jackson Hole symposium, with Fed ChairmanPowell faces the touch challenge of presenting a unified voice on Fed policy fromIt comes as both the Fed and Powell are under an unprecedented siege from an angry president, while a speech that fails to assure investors the U.S. central bank will continue to cut interest rates could create even more market volatility.
As of Friday morning, Fed funds futures were pricing a likelihood of almost 90% for a 25 basis point rate cut at the September meeting, and between one or two further quarter-point rate cuts between then and the end of the year.In corporate news,
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