Nasdaq Futures Climb as Alibaba and Micron Boost AI Sentiment

Fed Chair Jerome Powell said on Tuesday that risks remain for both the labor market and inflation, reiterating that policymakers likely face a difficult path ahead as they consider additional rate cuts. “Near-term risks to inflation are tilted to the upside and risks to employment to the downside — a challenging situation,” Powell said. The Fed chief did not indicate whether he might support a rate cut at the central bank’s next meeting.Economic data released on Tuesday showed that the U.S. S&P Global manuf ...