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Investors are also anticipating more than half a dozen speakers from the Federal Reserve talking at events around the country Thursday. Futures tied to the Dow Jones Industrial Average gained 50 points or 0.2%. S&P 500 futures added 0.2%, while Nasdaq-100 futures rose 0.3%. Retailer Bath & Body Works jumped more than 20% Wednesday after it beat revenue expectations and doubled what was anticipated for per-share earnings. Earnings season continues Thursday with additional retailers, including Macy's and Kohl's before the bell and Gap after.
Fed's George calls for 'more measured' pace of rate hikes
  + stars: | 2022-11-10 | by ( Ann Saphir | ) www.reuters.com   time to read: +2 min
Nov 10 (Reuters) - Kansas City Federal Reserve President Esther George on Thursday reiterated her support for a slower pace of U.S. interest rate increases, calling for a "more measured" approach that allows the central bank time to judge how the rises in borrowing costs are affecting the economy. "I continue to see several advantages for a steady and deliberate approach to raising the policy rate," George said in remarks prepared for delivery to an energy conference co-hosted by her regional bank and the Dallas Fed. The goal has been to slow the economy and bring down inflation that's running far higher than the Fed's 2% goal. George dissented in June when the Fed pushed through the first of its extra-large rate hikes, and though she has not done so since, she has repeatedly called for a slower, steadier pace of increases than what the central bank has delivered. "A more measured approached to rate increases may be particularly useful as policymakers judge the economy's response to higher rates," she said.
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