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Aug 22 - U.S. stock index futures crept higher on Thursday, as sentiment remained upbeat about the Federal Reserve possibly kicking off its policy easing cycle next month, while investors awaited policymakers' commentary at Jackson Hole this week.
"The minutes are backward-looking but confirm the soft signals from Fed Chair Powell after the meeting," noted Elisabet Kopelman, U.S. economist at banking group SEB. Money markets currently see a nearly 70% chance of an at least 25-basis-point cut in September, as per the CME FedWatch Tool, and about 100 bps of easing by December, according to LSEG data.
At 07:09 a.m. ET, Dow E-minis were up 33 points, or 0.08%, S&P 500 E-minis were up 9.75 points, or 0.17% and Nasdaq 100 E-minis were up 55 points, or 0.28%. Paramount Global , gained 2.5% after a source told Reuters that veteran media executive Edgar Bronfman has sweetened his bid to take over the company, offering $6 billion for its controlling shareholder National Amusements and a minority stake in Paramount.
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