Dollar Gains Slightly Ahead of Jackson Hole
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The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
Market focus shifts to flash S&P Global PMIs and Fed Chair Jerome Powell’s upcoming speech at the Jackson Hole Symposium. Bitcoin (BTC) steadies around $113,500 at the time of writing on Thursday after falling 3% so far this week.
Stocks have been resilient since the July jobs report, with interest rate cuts now not just a hope, but a legitimate expectation.
The president's latest attack comes as Powell is scheduled to deliver remarks at the Fed's annual conference in Jackson Hole, WY, on Friday.
2don MSN
Stocks often rise the week of the Fed’s big Jackson Hole gathering. Don’t count on it this year.
Later this week, economists, central bankers and members of the business press will gather in Jackson Hole, Wyo. for the Kansas City Fed’s annual Jackson Hole Economic Policy Symposium.