U.S. stock index futures dipped on Thursday as tensions between Washington and Beijing dampened the mood ahead of an address by Federal Reserve ...
U.S. stock index futures dipped on Thursday as tensions between Washington and Beijing dampened the mood ahead of an address by Federal Reserve Chair Jerome Powell, in which he is expected to take a softer stance on inflation to support a fragile economy.
Powell is likely to make a case for low interest rates and higher inflation in an overhaul of the central bank's policy approach in his remarks at the Jackson Hole symposium, being held virtually this year.Before his address at 9:10 a.m. EDT , investors will get a look at the weekly jobless claims report, the most timely U.S. economic indicator, which is expected to have dipped to 1 million for the week ended Aug. 22.
Still, the S&P 500 and the Nasdaq have risen for the past five session to new highs, largely driven by investors pouring into heavyweight technology-related stocks.
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