US EditionNasdaq Composite Live: All Eyes Are on Jackson Hole Symposium
Investors await earnings from Walmart, Home Depot, and Target while monitoring Federal Reserve signals at Jackson Hole amid inflation fears and trade uncertainties.
- Jerome Powell, the Chair of the Federal Reserve, will deliver the keynote speech on Friday at the annual Economic Policy Symposium held in Jackson Hole, Wyoming.
- This speech follows recent market rallies driven by expectations of a 25 basis point rate cut in September and strong corporate earnings amid trade tensions.
- Investors are also focusing on earnings reports from major retailers like Walmart, Home Depot, and Target to assess effects of inflation and trade uncertainty on consumers.
- Analyst George Atuan states Walmart's stock trades at historic highs with modest growth and thin margins, while market strategists predict Powell's speech will lean hawkish.
- Powell's remarks may influence market expectations and shape the Federal Reserve's policy outlook amid widespread anticipation of a September interest rate cut.
34 Articles
34 Articles
Wall Street ends on muted note ahead of Jackson Hole summit, retailers’ earnings - Hawaii Tribune-Herald
Wall Street’s main indexes closed roughly flat on Monday, after struggling for direction while investors awaited a raft of corporate earnings reports from major retailers for more signs about the state of the economy and the Federal Reserve’s annual symposium in Jackson Hole.
Prior to the annual meeting of central bankers in Jackson Hole, investors pursue a cautious strategy. Market players hope to see the future monetary policy of the US.
Wall Street ends on muted note ahead of Jackson Hole summit, retailers' earnings
Wall Street’s main indexes closed roughly flat on Monday, after struggling for direction while investors awaited a raft of corporate earnings reports from major retailers for more signs about the state of the economy and the Federal Reserve’s annual symposium in Jackson Hole
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