Reported 1 day ago
On August 18, U.S. stocks finished modestly lower as investors awaited insights from the upcoming Federal Reserve conference and earnings reports from major retailers like Walmart and Home Depot. Federal Reserve Chair Jerome Powell is expected to speak at the Jackson Hole Economic Symposium, with investors keen on potential signals regarding interest rate cuts. While previous inflation data suggested a potential rate decrease next month, uncertainty lingers as recent employment indicators may influence policy decisions. Retail performance is under scrutiny this week to gauge the overall economic health.
Source: YAHOO