NEW YORK (TheStreet) -- U.S. stock index futures were trading higher early Wednesday, poised to break out of a three-day losing streak.
Dow Jones Industrial Average
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U.S. stocks fell for a third day Tuesday as U.S. fighter jets attacked strongholds of the Islamic State, Europe showed signs of economic weakness and the U.S. government announced tougher rules on corporate inversion deals.
Cleveland Federal Reserve Bank President Loretta Mester is expected to speak about the economic outlook, monetary policy, and communications at 12:05 p.m. EDT on Wednesday, while Chicago Fed President Charles Evans will talk about the labor markets in a speech at 1 p.m. Evans is likely to strike a dovish tone, while remarks from Mester could be more hawkish, said Laura Rosner, a U.S. economist at BNP Paribas. Mester votes on policy this year and Evans will do so next year.
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Atlanta Federal Reserve President Dennis Lockhart will give a speech Thursday on the economy and monetary policy. According to Rosner, Lockhart tends to be a good bellwether of consensus thinking at the Federal Open Market Committee, the Federal Reserve's policy-making arm. He will vote on policy next year.