Investors Await Powell's Jackson Hole Speech
Investors Await Powell's Jackson Hole Speech
Investors Await Powell's Jackson Hole Speech
News summary

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.

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Reuters
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Futures slip following last week's rally; Jackson Hole in sight
Futures Flat As Jackson Hole Looms; Dollar Tumbles As Yen Soars
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Newsmax
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Futures Slip Following Last Week's Rally; Jackson Hole in Sight
Bias Distribution
67% Right
Information Sources
a3544a73-dab3-486d-ae75-bd4d15f01f5526c1ab4c-0cda-4fa5-9f92-54f9ba6112f9538ad27c-7e41-4215-a5e1-3c6c21cfd9ff
Center 33%
Right 67%
Coverage Details
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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Story Coverage
alt
Reuters
Center
Futures slip following last week's rally; Jackson Hole in sight
Futures Flat As Jackson Hole Looms; Dollar Tumbles As Yen Soars
alt
Newsmax
Right
Futures Slip Following Last Week's Rally; Jackson Hole in Sight

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