Jerome Powell's Jackson Hole speech in focus
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U.S. stock market futures were mixed Friday ahead of a pivotal speech from Fed Chair Jerome Powell in which the central bank chief will set out his views on where to take interest rates. Dow Jones Industrial Average futures rose 60 points,
Chair Powell does not have to pretend to maintain a degree of hawkishness, as the recent data, in fact, supports such a stance. The next FOMC is still a month away; plenty of time to pivot.
In a typical year, Jackson Hole sparks excitement mostly among market watchers. This time, the symposium feels more pivotal.
U.S. stocks closed lower Thursday, with the S&P 500 index logging a fifth straight daily loss, as technology stocks slumped and investors waited to hear from Federal Reserve Chair Jerome Powell on Friday.
Federal Reserve chair is under bombardment from Donald Trump and battling an insurgency within the central bank