Dow futures higher; Jackson Hole in spotlight, Palo Alto surges
However, the new week has started with a more positive tone, helped by the news that the People’s Bank of China has cut its, this comes after the PBOC cut its short-term loan rates, as well as its medium-term lending facility rates last week, and shows Beijing is actively looking to support its faltering economy.The U.S.
Federal Reserve is also very much the focus of attention, with its policymakers set to gather at an annual symposium inwill be the highlight as investors look for clarity on the economic outlook and the future path of interest rates.of the central bank’s July meeting showed that most policymakers are still concerned about upside risks to inflation, indicating that further rate hikes cannot be ruled out.
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