 On Wednesday, Fed Chair Jerome Powell said there's been considerable progress in slowing inflation to the central bank's 2% target. But he also said more good data is needed for Fed officials to gain the confidence they need to cut their key interest rate. That's now at a two-decade high of 5.3%. Donna Water, Washington. On Wall Street this hour, the Dow futures are down 74 points. NASDAQ futures off 19. This is SRN News.