Wall Street, Jerome Powell and Jackson Hole
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Wall Street is holding relatively steady ahead of a highly anticipated speech about where U.S. interest rates may be heading.
Investors are bracing for volatility as Federal Reserve Chair Jerome Powell walks a fine line between curbing inflation and supporting the labor market, with thin August trading poised to magnify any market moves from his Jackson Hole speech on Friday.
Stocks surged Friday and the Dow closed at its first record high of the year after Federal Reserve Chair Jerome Powell signaled interest rate cuts could be on the way.