U.S. stock index futures dipped after Powell hinted at a possible interest-rate cut next month. Concerns about tariff-related inflation persist, but inflation expectations remain stable. Major brokerages now expect a rate cut, with traders increasing bets on a reduction in September.

Wall Street is watching for Nvidia’s results to justify its valuation. Keurig Dr Pepper plans to buy JDE Peet’s for $18.4 billion, while Verint Systems surged after acquisition news. Intel rose after Trump announced a stake in the company. New York Fed official remarks on policy outlook are anticipated.

Read more at Yahoo Finance: US stock futures dip after Powell-led rally on September cut expectations