Jackson Hole, Powell
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Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.
(Reuters) -European equities were little changed on Thursday as investors awaited updates from the Federal Reserve's Jackson Hole symposium for clues on the path of monetary policy. The pan-European STOXX 600 index was flat as of 0704 GMT, while most major bourses were mixed.
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InvestorsHub on MSNDollar Gains Slightly Ahead of Jackson Hole; Euro Boosted by PMI Data
The U.S. dollar inched upward on Thursday, trading just below a one-week high as investors prepared for the Federal Reserve’s Jackson Hole symposium. By 04:40 ET (08:40 GMT), the Dollar Index, which tracks the greenback against six major currencies,