Stock futures are up ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. Investors are less confident about interest-rate cuts, with odds of more than two quarter-point moves dropping to 27%. Cleveland Fed President Beth Hammack does not see the case for a cut next month. Powell’s speech is expected to focus on adjustments to the Fed’s strategy framework, providing clues about his current thinking on rates. Source: The Wall Street Journal.

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