US Federal Reserve Chair Jerome Powell indicated that the Fed is likely on track to implement two more quarter-point interest-rate cuts this year. “The outlook for employment and inflation does not appear to have changed much since our September meeting,

Powell signals Fed may end balance-sheet runoff in coming months Fed chair sees signs of gradual tightening of liquidity conditions Powell sees tariff risks, job losses if Fed moved too slowly He is speaking at the NABE meeting in Philadelphia “Powell kept the door open to sticking with the two-cut path outlined in September’s Summary of Economic Projections,

—In Europe, the Stoxx Europe 600 fell 0.7% shortly after the open. Big movers included Ericsson which gained as much as 13% after earnings handily beat forecasts, while France’s Michelin slumped after it lowered its outlook on worsening market conditions and a sharp decline in North American sales.

Follow MarketWatch's live coverage of Tuesday's speech by Fed Chair Jerome Powell, his last comments on interest rates and the economy before the central bank's quiet period that begins after Friday.

December S&P 500 E-Mini futures (ESZ25) are down -1.18%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -1.65% this morning as sentiment weakened after China hit back at the U.S. on shipping.

The Federal Reserve Chair, Jerome Powell, is set to deliver a speech that could potentially shape future monetary policy and market sentiment.

Trump insider whale and crypto whales are shorting BTC, ETH, SOL, XRP, DOGE, PEPE, and Aster before the Fed Chair Jerome Powell's speech.

The dollar was struggling for direction as investors awaited comments from Federal Reserve Chair Jerome Powell later in the session. Powell is due to speak at the National Association for Business Economics annual meeting in Philadelphia.