Futures subdued ahead of Powell's remarks

<p>U.S. stock index futures were little changed on Wednesday as investors awaited Federal Reserve Chair Jerome Powell's speech at a conference to gauge his view on interest rates and the state of the economy.</p><p><a href="https://piqsuite.com/reuters/futures-subdued-ahead-of-powells-remarks" target="_blank" rel="nofollow">FULL STORY</a></p><p>Treasury yields have retreated sharply from their highs amid expectations that the Fed has reached the end of its rate-hike campaign, helping the S&amp;P 500 and the Nasdaq notch their longest streak of gains in two years on Tuesday. </p><p>Markets are now pricing in rate cuts as soon as in May, according to the CME Group's FedWatch tool, with odds of a cut of at least 25 basis points having risen to nearly 52%, compared with about 41% a week earlier.</p><p>All eyes will be on Powell's opening remarks before the Federal Reserve Division of Research and Statistics Centennial Conference at 9:15 a.m. ET (1415 GMT) for more clues on how long U.S. monetary policy could stay restrictive.</p>

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