- The dollar held stable, treasuries suffered losses, while the US index futures registered minor gains as markets remained volatile ahead of the Jackson Hole central bankers' symposium later this week.
- After US equities fell the most in two months on Monday, futures on the S&P 500 and the Nasdaq 100 wavered before moving higher. The yield on the 10-year Treasury note remained above 3%, and the dollar index was at a five-week high.
- After recent remarks from Federal Reserve officials convinced many investors that the central bank will continue to tighten aggressively into a weakening economy, traders are prepared for harsh discourse at the Jackson Hole summit. However, other experts believe there is a chance that chair Jerome Powell can take traders off a surprise with a more subtle approach, igniting a new relief surge.
