U.S. stock futures traded flat Sunday as investors awaited comments from Federal Reserve Chairman Jerome Powell.
earlier Sunday. He said the U.S. economy will claw its way back from the current pullback, but that it may not fully recover until a Covid-19 vaccine is complete.
"Assuming there's not a second wave of the coronavirus, I think you'll see the economy recover steadily through the second half of the year," the Fed chief added. Still, Powell cautioned that "for the economy to fully recover ... that may have to await the arrival of a vaccine." between abysmal economic data, recent state-by-state efforts to restart business and worries over renewed animosity between the U.S. and China.
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