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Futures rise sharply as Fed's Powell unveils new approach

Credit: REUTERS/BRENDAN MCDERMID

U.S. stocks futures turned sharply higher on Thursday as the Federal Reserve Chair Jerome rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back to healthier levels.

Aug 27 (Reuters) - U.S. stocks futures turned sharply higher on Thursday as the Federal Reserve Chair Jerome rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back to healthier levels.

At 9:20 a.m. ET, Dow e-minis 1YMcv1 were up 92 points, or 0.32%. S&P 500 e-minis EScv1 were up 7.5 points, or 0.22% and Nasdaq 100 e-minis NQcv1 were up 31.75 points, or 0.26%.

(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)

((Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780, outside U.S. +91 80 6749 1130))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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