U.S. stock futures are higher with investors waiting to see if Federal Reserve Chairman Jerome Powell shares his view on interest rate cuts at the annual Jackson Hole Economic Symposium of global central bankers and finance chiefs.

Investors will be looking for hints Powell is concerned about a weak labor market and may be done waiting to see tariff effects before cutting rates again. At the last policy meeting in July, most policy makers were more concerned about elevated inflation than the labor market, but that was before the shockingly weak July payrolls report.

The CME FedWatch tool that tracks the odds the market puts on a rate move at each Fed meeting shows the chances for a quarter-point cut at the next policy meeting in September have fallen to 75% from more than 80% last week.

At 6:10 a.m. ET, futures tied to the blue-chip Dow rose 0.32%, while broad S&P 500 futures added 0.23% and tech-laden Nasdaq futures gained 0.16%.

Many economists, however, don't expect Powell to give any monetary policy hints. Instead, in Powell's final speech at Jackson Hole, \\"expect Powell to use the moment to cement his legacy rather than deliver a brief, sharp message,\\" said Jeffrey Roach, chief economist at LPL Financial. Powell may also speak more broadly, addressing structural shifts like an aging population or stress the independence of the Fed in a quiet nod to President Donald Trump's attacks.

For months, Trump has publicly berated Powell to get him to lower interest rates. He called Powell names and threatened to fire him, possibly for alleged mismanagement of renovating Fed headquarters.

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Intuit's results in the last three months of its fiscal year beat forecasts. However, it sees sales growth in the first three months between 14% and 15%, below Wall Street estimates.

Zoom Communications beat second-quarter estimates. It also raised its full-year outlook.

Ross Stores' second-quarter results topped expectations. The discount retailer also reinstated its full-year guidance.

Alphabet's Google reportedly won a six-year, $10 billion cloud contract from Meta.

Nvidia has told component suppliers including Samsung Electronics Co. and Amkor Technology Inc. to stop production related to the H20 AI chip, the Information reported. China has reportedly told local companies to stop using Nvidia chips.

Workday's second-quarter results topped estimates but some of the company's third-quarter outlook was in line to below Wall Street expectations.

Taiwan Semiconductor Manufacturing is discussing returning U.S. government subsidies if the Trump administration asks to become a stockholder, the WSJ said.

Tesla faces a new federal probe after the NHTSA found some of the company’s crash reporting to the agency had been significantly delayed.

China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, Reuters reported, citing sources familiar with the matter said. This would be a major reversal of its stance towards digital assets, and it is expected to be approved by China's State Council, the story said.

Medora Lee is a money, markets and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and  subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.

This article originally appeared on USA TODAY: US stock futures higher as investors await Powell speech