It's Jackson Hole speech day
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When Federal Reserve Chair Jerome Powell takes the stage Friday at the annual Jackson Hole, Wyoming, economic forum, he will face pressures ranging from President Trump's repeated calls for his resignation to a recent mix of worrying economic data.
Brent Donnelly of Spectra Markets ran a sizeable survey of expectations for Fed Chair Jerome Powell's speech, and of the 473 responses, 51% expect a neutral-to-boring outcome and 43% see a hawkish tint.
In a typical year, Jackson Hole sparks excitement mostly among market watchers. This time, the symposium feels more pivotal.
Dow futures are up triple digits, while S&P 500 and Nasdaq futures are cautiously higher Futures on the Dow Jones Industrial Average (DJIA) are up triple digits at last look, ahead of Fed Chair Jerome Powell's speech at the Jackson Hole symposium due at 10 a.
Fed Chair Jerome Powell's address on Friday and Nvidia earnings after the close on Wednesday may hold the keys as to whether the bull market can continue. "In the near-term, if Chair Powell can give a market-friendly speech and NVDA can meet,