Wall St set to open lower as yields rise ahead of Powell speech
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photoregained 2007 highs, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path.
Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S. economy. "More of a concern for market participants right now is the kind of dislocation in the markets as the treasury market is struggling ." A slew of economic data including U.S. manufacturing activity, job openings data leading to the crucial monthly jobs report at the end of the week is on investors' radar for more clues on the Fed's interest-rate path.
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