Stocks quiet ahead of Powell speech

Stocks quiet ahead of Powell speech

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Stocks are in muted mode this morning with markets awaiting Jerome Powell’s Jackson Hole speech later today. It is widely anticipated that the Fed chairman will outline the plan for tapering the central bank’s monetary stimulus and provide an outlook for the US economy.

With the Delta variant of the coronavirus spreading fast and recent disappointing economic data, investors are uncertain whether the Fed’s plans to reduce it’s asset purchase program will be delayed or start this year as planned.


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