U.S. stock futures are indicating a potential rebound following a significant selloff. The Dow Jones Industrial Average futures are up 121 points, or 0.3%, while the S&P 500 and Nasdaq 100 futures show gains of 0.4% and 0.3% respectively.

This rebound comes after Federal Reserve Chair Jerome Powell's recent comments on persistent inflation, which have dampened market expectations for substantial interest rate cuts in the coming year. On Wednesday, the markets experienced a sharp decline, with the Dow plummeting 1,100 points, marking its longest losing streak in 50 years. Powell's hawkish stance has raised concerns among investors, contributing to the volatility in the stock market. Additionally, the dollar has strengthened, and Treasury yields are on the rise, reflecting the ongoing adjustments in response to the Fed's monetary policy outlook.

The market volatility has prompted investors to closely monitor the situation and adjust their strategies accordingly. While the rebound in stock futures provides some optimism, the uncertainty surrounding interest rates and inflation remains a key concern. Investors will continue to analyze the Federal Reserve's actions and statements for further insights into the future direction of the market.