Futures edge up on rate cut hopes; Fed speakers awaited ...Middle East

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Futures edge up on rate cut hopes; Fed speakers awaited
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.FULL STORYWall 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.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. Such expectations will

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