Jackson Hole, Federal Reserve
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When Federal Reserve Chair Jerome Powell gives his last speech in Jackson Hole, Wyo., this Friday, investors will be listening for whether he signals an interest rate cut next month. But Powell could lay out more overarching changes to the central bank’s dual mandate that will last long after his tenure is up next May — and mark part of his
The U.S. dollar gained for a third straight session on Wednesday as traders awaited the Federal Reserve's annual Jackson Hole symposium this week for clues on the path of monetary policy.
The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
The Nasdaq fell as megacaps lost, after having rallied for much of the year. Nvidia fell 3.5%, the biggest drop in nearly four months.
Shares in Asia fell on Wednesday, weighed down by a tech-led selloff on Wall Street, while the dollar gained some ground ahead of a key meeting of central bankers later in the week.
The crypto market decline deepened as Bitcoin, Ether, and XRP dropped ahead of Fed Chair Powell's Jackson Hole speech and policy cues.
Investors are tracking talks aimed at ending the Russia-Ukraine war and awaiting Federal Reserve Chair Jerome Powell's speech at Jackson Hole at the end of the week.