U.S. futures are taking a breather Friday after the S&P hit fresh highs in the prior session and as markets await a speech from Federal Reserve Chair Janet Yellen.
The heated debate between inflation hawks and doves is about to amp up a couple of notches as Yellen gets her own forum to broadcast her economic views on Friday.
Fed Chair Janet Yellen, facing more pressure from the inflation hawks, could use her air time at Jackson Hole on Friday to push back.
U.S. stocks were trading higher midday Thursday, sustaining the momentum of the past six days, ahead of expectations of a dovish speech Friday from Fed Chair Janet Yellen.
U.S. stock futures are rising, sustaining the momentum of the past six days and on expectations of a dovish speech Friday from Janet Yellen.
The more hawkish than-expected July 29-30 FOMC minutes on Wednesday endorse the view that the U.S. economy has become strong enough to stand on its own two feet.
Geopolitics have been shoved to the backburner with the spotlight for U.S. investors now on Federal Reserve Chief Janet Yellen and the U.S. central bank.
Stock index futures are dipping slightly Wednesday after the sharp run-up of the last two sessions and ahead of the July FOMC minutes.
The Fed is unlikely to entertain the idea that it is falling behind the curve and keeping interest rates too low for too long.
Those expecting any shift in the Federal Reserve's monetary policy at this week's symposium in Jackson Hole, Wyo., are most likely setting themselves up for disappointment.