 Fed Chair Jay Powell says recent data adding to policymakers' confidence that inflation is headed toward the 2% target. In an interview with Bloomberg's David Rubenstein, Powell said he's not sending a message about rate cut timing. And bank earnings wrap up today. Morgan Stanley and Bank of America will open their books before the bell. Investors want to see how equities trading is going at Morgan, along with the impact of higher interest rates and increased costs at both banks. We'll have more on those stories coming up on Bloomberg Daybreak.