U.S. stock index futures edged higher on Wednesday, a day after Wall Street's main indexes fell, as investors kept an eye out for Federal Reserve Chairman Jerome Powell's address.
FILE PHOTO: The New York Stock Exchange is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon
Powell’s remarks would be scrutinized amid rising bets that the United States might adopt negative interest rates for the first time to combat the coronavirus pandemic’s severe economic blow. Unprecedented stimulus actions from the central bank and hopes of an economic recovery have been vital in helping the main U.S. stock indexes rise about 30% from their March lows.
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