US stock futures steady with Jackson Hole, DNC in focus
Investing.com-- U.S. stock index futures steadied in evening deals on Monday following a positive session on Wall Street, with focus turning to the Jackson Hole Symposium and the Democratic National Congress this week for more cues.
Powell’s address will be closely watched amid growing conviction that the central bank is preparing to cut interest rates by 25 basis points in September, as recent economic readings showed some cooling in inflation. Any comments on a potential recession will also be in focus, especially whether Powell still sees a soft landing for the U.S. economy.Focus this week is also on the Democratic National Convention, with President Joe Biden set to speak at the event later on Monday.
Harris was endorsed by Biden in July, and was seen swiftly catching up with Republican frontrunner Donald Trump in recent polls, presenting a tight 2024 presidential race.Scan QR code to install app
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