US markets stable before Fed chief addresses Congress again
NEW YORK (AP) — Wall Street is poised to open higher at Thursday’s opening bell a day after the head of the Federal Reserve acknowledged that a recession is possible.
Futures for the Dow Jones Industrial Average rose 0.6% and futures for the S&P 500 jumped 0.8%.
Global shares are largely moving higher and oil prices are stable.
Fed Chair Jerome Powell, will address Congress again after saying Wednesday that a recession was “certainly a possibility” as the U.S. central bank tries to rein in inflation that is running at a four-decade high.