The S&P 500 and the Nasdaq were subdued on Friday in early trading as investors were nervous about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing economic growth.
Powell’s speech at 10:00 a.m. ET will be scrutinized for any indication that an economic slowdown might alter the Fed’s monetary policy tightening path and if the central bank can achieve a “soft landing.”
