All articles tagged with #fed jackson hole
Bitcoin and Ethereum experienced a decline ahead of Fed Chair Jerome Powell's speech at Jackson Hole, amid broader market uncertainty about potential interest rate cuts and macroeconomic signals, with investors cautious about the future trajectory of crypto markets.
Futures for major stock indexes are down amid a tech sector pullback driven by the decline of the 'Magnificent Seven' stocks and concerns over AI rally sustainability, with market focus also on Fed Chair Powell's upcoming speech and retail earnings reports from Walmart and others.
Historically, US stocks tend to perform well around the Fed's Jackson Hole conference, with the S&P 500 gaining an average of 0.9% in the days surrounding the event, although recent years have seen more volatility. This year, the market has initially declined before the speech, contrary to typical patterns, but a modest rally is expected. Investors are also watching for signals from Jerome Powell regarding potential interest rate cuts in September.
Stock futures are flat as investors await key speeches at the Fed's Jackson Hole summit and retail earnings reports, with expectations of a potential rate cut in September and ongoing market uncertainty. Major retailers like Home Depot, Lowe's, Walmart, and Target are set to report earnings, which could influence market sentiment. Meta Platforms saw a significant increase in short interest, while Palo Alto Networks' strong earnings boosted its stock.
U.S. stock futures edged higher following the Trump-Putin summit, which ended without major breakthroughs but hinted at potential shifts in Ukraine security guarantees. Investors are awaiting Fed Chair Jerome Powell's speech at Jackson Hole for clues on interest rate cuts, amid ongoing inflation concerns and upcoming earnings reports from major retailers. The market remains cautious as geopolitical tensions and economic data influence investor sentiment.