Jackson Hole, US recession, DNC - what's moving markets
The main Wall Street indices look set to start the new week in a consolidatory mood after the previous week's strong gains, as investors await the release of the minutes from the last Federal Reserve meeting as well as the widely-anticipated Jackson Hole symposium. The four-day Democratic National Convention also starts this week. The week’s key event will be the Federal Reserve’s annual economic symposium in Jackson Hole, Wyoming, starting on Friday, with investors seeking more clues about the pace and timing of rate cuts over the coming months.