Powell speaks at Jackson Hole
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Britain's FTSE 100 closed at a record high for the third straight day on Thursday with healthcare stocks leading the gains, while fresh economic data reinforced signs of resilience in the UK economy.
The Dow, S&P 500, and Nasdaq are falling as the stock market looks ahead to the Federal Reserve's Jackson Hole Symposium.
The annual economics symposium, which begins Thursday, brings together top monetary policy officials from around the world and always makes headlines in the financial press. There are at least three reasons the conference is worth paying attention to this year.
Some market participants will have in their minds Powell’s Jackson Hole comments in 2022, when the Fed Chair delivered what Emanuel calls his stern inflation-is-job #1-and-we-are-just-going-to-keep-hiking speech. Stocks did not react well to that.
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.
Futures tracking Canada's main stock index were flat on Wednesday, as investors await the U.S. Federal Reserve's annual symposium later this week for clues on the monetary policy path.
Liquidity constraints pose a significant challenge for BTC bulls looking to engineer a steep uptrend well into the year-end.