Fed's Powell at Jackson Hole
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U.S. stock index futures edged higher on Friday, recovering slightly from the previous session's losses as investors awaited Federal Reserve Chair Jerome Powell's address at the Jackson Hole Symposium for clues on the interest-rate path.
Brent Donnelly of Spectra Markets ran a sizeable survey of expectations for Fed Chair Jerome Powell's speech, and of the 473 responses, 51% expect a neutral-to-boring outcome and 43% see a hawkish tint.
In a typical year, Jackson Hole sparks excitement mostly among market watchers. This time, the symposium feels more pivotal.
Ahead of Federal Reserve Chair Jerome Powell's pivotal Jackson Hole address on Friday, cryptocurrency bettors are pricing in more than an 80% chance that the central bank cuts interest rates this year.
16hon MSN
Wall Street finished in the red as Walmart weighed on markets and eyes turn to Jackson Hole
Wall Street closed lower on Thursday, pressured by declining shares of Walmart (WMT) all while investors look ahead to Federal Reserve Chair Jerome Powell’s upcoming speech at Jackson Hole on Friday.
Gold edged lower in early Asian trade, ahead of the three-day Jackson Hole symposium.