Federal Reserve Heads to Jackson Hole, Investors Await Yellen Speech

The Fed heads are gathering in Jackson Hole, Wyoming.
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The Fed heads are gathering in Jackson Hole, Wyoming. In recent weeks a few members of the Fed, citing the stronger labor market and other upbeat economic signals, have come out in favor of a rate hike sooner rather than later. The Federal Reserve does meet in September and some think a rate hike could come then. Federal Reserve Chair Janet Yellen will give a much anticipated speech tomorrow. 4 ex-employees of Hewlett Packard (HPQ) - Get Report  are suing the company for age discrimination. USA Today says they claim they were unfairly purged from the company as part of a major restructuring that led to lay-offs. An HP spokesman says they are aware of the claims and plan to defend themselves. Hewlett Packard also reported lower earnings and revenue as the printer business slows. Amazon (AMZN) - Get Report  may be planning a 'click and collect' grocery service. USA Today says the new locations would allow customers to order groceries and pick them up curbside.