Fed Chair Jerome Powell to give Jackson Hole speech
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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.
Opendoor's vocal supporter Anthony Pompliano took to X to celebrate Powell's remarks and what interest rate cuts could mean for the company. "Interest rate cuts are big for OPEN. Powell can unfreeze the housing market," Pompliano wrote.
U.S. stock market futures were mixed Friday ahead of a pivotal speech from Fed Chair Jerome Powell in which the central bank chief will set out his views on where to take interest rates. Dow Jones Industrial Average futures rose 60 points,
Walmart earnings are in early focus before the highly anticipated start of the Federal Reserve's gathering at Jackson Hole.