Traders May Stick To The Sidelines Ahead Of Fed Minutes, Jackson Hole Symposium

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Tuesday, 20 August 2024 11:24:19 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to experience choppy trading after moving mostly higher over the course of the previous session. A lack of major U.S. economic data may keep traders on the sidelines ahead of key events later this week that could impact the outlook for interest rates. Traders are likely to analyze the minutes of the Federal Reserve's latest monetary policy meeting, which are due to be released on Wednesday, for additional clues about the likelihood of a rate cut next month. Later in the week, remarks by Fed Chair Jerome Powell and other Fed officials at the Jackson Hole Economic Symposium are also likely to attract attention. According to CME Group's FedWatch Tool, there is a 73.5 percent of a quarter point rate cut next month and a 26.5 percent chance of a half point rate cut. "September is being tipped as the month for that first Fed cut after inflation finally dropped below 3%," said Danni Hewson, AJ Bell head of financial analysis. "How far Jay Powell and the FOMC will go,... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports Atlanta Federal Reserve President Raphael Bostic is scheduled to participate in a fireside chat before a hybrid ?In... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Hawaiian Holdings (HA) are moving sharply higher in pre-market trading after Alaska Airlines (ALK) said the time period for the Justice Department to compl... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks have moved modestly lower on Tuesday after the annual inflation rate in the Eurozone was confirmed at 2.6 percent in July, according to Eurostat's second estimate. Investors await the minutes of the Federal Reserve's July policy meeting and a speech from Chair Jerome Powell in Jackson Hole this week for addi... [Read More]( --------------------------------------------------------------- Asia Asian stocks turned in a mixed performance on Tuesday despite dovish Fed expectations and signs of easing Middle East tensions. The dollar index was on the defensive as investors awaited the minutes of the Federal Reserve's July policy meeting and a speech from Chair Jerome Powell in Jackson Hole for additional clues on the possibility of a rate cut at the September policy meeting. Gold and oil prices dipped in Asian trading as Israel's demand for control over Gaza's Philadelphi and Netzarim corridors threatened cease-fire talks with... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are inching up $0.02 to $74.39 a barrel after plunging $2.28 to $74.37 a barrel on Monday. Meanwhile, ... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49