Stock Market Today-8/26: Stocks Edge Lower Ahead of Jackson Hole

US stock futures moved lower on Friday, as the dollar held steady against its global counterparts and government bond yields held steady as investors braced for what could be a further rate hike later in the Federal Reserve Chair’s session. Reserve, Jerome Powell.

Powell’s keynote address at the Kansas City Fed’s annual symposium in Jackson Hole, Wyoming is expected to begin at 10 a.m. GMT, with markets now expecting the Fed chairman to echo his colleagues’ recent comments to advance the plea. for continued rate hikes to ensure that inflationary pressures do not become embedded in the world’s largest economy.

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