U.S. stock futures rose on Tuesday ahead of eagerly anticipated comments from Federal Reserve Chair Jerome Powell
, speaking for the first time since a blowout jobs report caused traders to shift their interest-rate forecasts closer to the one he’s championed.
What’s driving markets Powell... , speaking for the first time since a blowout jobs report caused traders to shift their interest-rate forecasts closer to the one he’s championed. What’s driving markets Powell will be interviewed by David Rubinstein, the co-chairman of private-equity giant The Carlyle Group, at 12:40 p.m. at the Economic Club of Washington, D.C.
Last week, the Labor Department reported a 517,000 surge in nonfarm payrolls, as well as a drop in the unemployment rate to 3.4%. Interest-rate futures implied a terminal Fed rate of 5.157%, which according to Deutsche Bank was the first new high since early November.
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