NewsWare’s Trade Talk: Wednesday, November 30

S&P Futures are higher and have been positive all morning. Economic reports will be key to the direction of the market this morning. In the afternoon, all eyes will be on Fed Chair Jerome Powell's speech this afternoon. His speech could give clues about the size of the Fed's expected rate rise at its Dec. 13-14 meeting, as well as the timing of a potential pause in 2023. Most traders expect the central bank to lift its benchmark rate by half a percentage point in two weeks' time.