U.S. stock index futures edged higher after the latest economic data reinforced expectations that the Federal Reserve will cut interest rates several times this year, an analyst said. U.S. Treasury yields, meanwhile, were little changed, with the market on track for its longest streak of gains since 2021. The PCE gauge, the Fed's favored measure of underlying U.S. inflation, rose moderately in July, and household spending remained solid. Fed Chairman Jerome Powell said last week that the time has come for the Fed to cut its key policy rate. He affirmed expectations that Fed officials will begin lowering borrowing costs next month and made clear that he intends to prevent the labor market from cooling further.