U.S. Stock Futures Are Higher After Two Sessions of Declines
U.S. stock futures are higher. U.S. markets are set to open higher after two sessions of declines after Fed Chair Powell’s hawkish commentary on Friday.
Market expectations for rate hikes at the Fed’s September meeting have increased in response to the recent signaling, with traders now pricing in a 70% probability of a 75 basis point hike.
Treasury yields are mostly unchanged across an inverted yield curve with the 2 Year at 3.45 and the 10 Year at 3.11.
August Consumer Confidence and July JOLTS numbers will be released after the bell.