- Total News Sources
- 3
- Left
- 0
- Center
- 1
- Right
- 2
- Unrated
- 0
- Last Updated
- 31 days ago
- Bias Distribution
- 67% Right
U.S. stock index futures remained flat on Monday, following Wall Street's best week of the year, as investors anticipate Federal Reserve Chair Jerome Powell's upcoming speech at Jackson Hole. Recent economic data, including consumer price and retail sales reports, have eased recession fears, leading Goldman Sachs to reduce the likelihood of a recession in the next year from 25% to 20%. Traders are currently pricing in a 72% chance of a 0.25% rate cut at the Fed's September meeting. Additionally, comments from various Fed officials suggest a growing debate on adjusting borrowing costs due to a potential labor market slowdown. Premarket trading saw mixed results, with notable declines in major tech stocks like Nvidia and Tesla. The earnings calendar is light this week, featuring reports from firms like Palo Alto Networks and Target.
- Total News Sources
- 3
- Left
- 0
- Center
- 1
- Right
- 2
- Unrated
- 0
- Last Updated
- 31 days ago
- Bias Distribution
- 67% Right
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