Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.

All eyes” will be watching Federal Reserve Chair Jerome Powell’s speech on August 22 to get a sense of the central bank's policy plans, said analyst Ryan Rabaglia.

Gold held steady on Tuesday as investors awaited the Federal Reserve's Jackson Hole symposium later this week for cues into possible rate cuts and weighed Washington's efforts to end the war in Ukraine.

Get insights on the 2023 Fed Symposium in Jackson Hole. Explore market expectations, Powell's agenda, and potential rate cuts' impact on the economy.

Stocks might get their September interest-rate cut, but the Federal Reserve could still disappoint the market, as soon as this month.

Stocks in Asia were flat and oil slid on Tuesday before a key meeting of central bankers and as traders evaluated promising diplomatic signals toward ending hostilities between Russia and Ukraine.

New economic data releases could increase mortgage rate volatility in the coming weeks, leading up to the Fed's September meeting.

Futures markets are also expecting a rate cut. Investors peg the chances of a quarter-point interest rate cut at nearly 96%, according to the CME FedWatch Tool, a measure of market sentiment.

Powell and dozens of other economists and policymakers from the U.S. and abroad could have a run-in with bats as they meet in Jackson Hole next week for an annual symposium.

Inflation held steady in July and ran slightly cooler than expected, increasing the odds of a Federal Reserve rate cut next month.

Josh Schiffrin said his preferred asset is five-year Treasury bills, adding he expects an interest rate cut of 25 basis points by the Fed next month.

With the Fed expected to change course soon, now’s the time to put your cash in a top-paying account and capture strong returns before they start to slip.