Stock Futures Are Rising After Fed's Powell Dents Rate-Cut Hopes

**Stock Futures Rise After Powell Comments Dent Rate-Cut Hopes Further** U.S. stock futures rebounded early Wednesday after Federal Reserve Chairman Jerome Powell said progress on bringing down inflation stalled, pushing back the prospect of interest-rate cuts until later in the year. Powell said that recent data hadn’t given policy makers confidence that inflation is still heading toward the target. Before last week, traders had widely been expecting an interest-rate increase in June, but now that appears much less likely.