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Dow futures increase after Fed hints on speed cut ahead



US Stock Exchange futures were slightly higher Friday morning, among optimism messing in expectations of a Federal Reserve rate cut later this month.

at 04:25 ET ET step Dow futures 87 points, indicating a positive open at more than 83 points. Futures on S & P and Nasdaq were both slightly higher.

Federal Reserve Chairman Jerome Powell proposed on Thursday that the US central bank have room to ease monetary policy at its next meeting. Powell's comments came on his second day of testimony before the congress.

The Fed boss, who has been under pressure from President Donald Trump to reduce rates, has made a strong case for reducing borrowing costs to compensate for a global downturn in business confidence among trading tensions.

Meanwhile, Trump said on Thursday that China did not live up to the promise of buying American farmers' agricultural products. His comments threatened to revive trade concerns, with the world's two largest economies locked in a prolonged conflict.

At the data front, investors are probably close to monitoring producer price index data (PPI) and core PPI for June at around 8:30 am ET.

In company news, Infosys will release its last quarterly earnings before the opening clock.


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