Futures edge higher as focus shifts to inflation, jobs data

Stocks ended a volatile session higher on Friday after Fed Chair Jerome Powell at the Jackson Hole meet said the U.S. central bank may need to raise interest rates further to ensure inflation is contained. The personal consumption expenditures price index, the Fed's preferred inflation gauge, is set to be released on Thursday and the non-farm pay rolls data is due on Friday. "While our base case is that the Fed has already reached the end of its tightening cycle, views on the Fed could continue to shift in response to data over coming weeks," Mark Haefele, chief investment officer at UBS Global Wealth Management, said.