Stocks Set to Open Higher as Investors Stay Calm Despite Venezuela Tumult, U.S. Jobs Data Awaited

Philadelphia Fed President Anna Paulson said on Saturday that the central bank could be in a position to cut interest rates further if inflation eases, but indicated that any additional reductions may not come immediately. “I see inflation moderating, the labor market stabilizing, and growth coming in around 2% this year,” Paulson said. “If all of that happens, then some modest further adjustments to the funds rate would likely be appropriate later in the year.”Economic data released on Friday showed that t ...