What to expect from Jackson Hole, the DNC this week
Description
Stock futures are flat ahead of Monday's market open as the Federal Reserve's Jackson Hole Economist Symposium is set to start on Thursday, August 22. Nearly 75% of traders expect a 25-basis-point interest rate cut to come in September, according to the CME. Lowe's, Macy's, and Target are among the US retailers reporting earnings this week. The Democratic National Convention begins Monday with a speech by President Biden tonight.
Takeaways:
- The Federal Reserve will kick off its Jackson Hole Economic Symposium on Thursday, giving investors a clearer picture of the pathway ahead for interest rate cuts.
- S&P Global Ratings chief US and Canada economist Satyam Panday breaks down what to expect from Powell on Friday.
- the Democratic National Convention (DNC) is kicking off in Chicago, with President Biden expected to deliver a speech this evening as he passes the torch to Vice President Kamala Harris.
Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts.
Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show.
Send your thoughts and questions to yfpodcasts@yahooinc.com.
Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Learn more about your ad choices. Visit megaphone.fm/adchoices
United States
