Wall Street's main indexes were on track for a lower open on Monday, retreating from the previous session's gains when Fed Chair Jerome Powell hinted that an interest-rate cut could be on the table at the central bank's meeting next month.

Wall Street traders dialed up bets on rate cuts Friday and tamped down their expectations of future volatility. Futures pricing Friday suggested traders saw a roughly 83% chance that the Fed will cut rates at its next meeting,

Dow futures rise as Wall Street awaits Powell’s Jackson Hole speech, with clues on September rate cuts in focus.