Futures edge up on rate cut hopes; Fed speakers awaited

<p>U.S. stock index futures inched higher on Monday as expectations that the Federal Reserve was done with its interest rate hikes gained steam ahead of commentary by a slew of policymakers later in the week.</p><p><a href="https://piqsuite.com/reuters/futures-edge-up-on-rate-cut-hopes-fed-speakers-awaited" target="_blank" rel="nofollow">FULL STORY</a></p><p>Wall Street's main indexes posted their best weekly performance in about a year on Friday, boosted by tumbling U.S. Treasury yields as a weaker-than-expected monthly payrolls report spurred hopes that the Fed could start cutting rates next year.</p><p>Traders' bets that the Fed will hold interest rates steady in December stand at 90%, while pricing in an about 80% chance the first policy easing would come as soon as June, according to the CME Group's FedWatch tool. </p><p>Such expectations will be put to the test this week with a raft of Fed policymakers, including Chair Jerome Powell due to speak in the coming days. </p><p>Other speakers include voting members such as Federal Reserve Board Governor Lisa Cook, New York Fed President John Williams and Dallas Fed President Lorie Logan.</p>

This article was written by Ryan Paisey at www.forexlive.com.