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Dow futures slightly higher after Fed chief signals a rate cut


Thursday, 11 July 2019 16:10 WIB

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U.S. stock index futures were slightly higher on Thursday morning, on the back of fresh comments by Fed Chairman Jerome Powell.

At around 04:49 a.m. ET, Dow futures rose 49 points, indicating a positive open of more than 55 points. Futures on the S&P and Nasdaq were both seen slightly higher.

Wall Street ended Wednesday’s session seeing record highs after Powell hinted at easier monetary policy in the U.S.

In testimony to the House Financial Services Committee, Powell said business investments across the U.S. have slowed “notably” recently as uncertainties over the economic outlook linger. As a result, expectations of an upcoming rate cut grew.

Source : CNBC


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