Outlook 08/21: Stock futures are little change Wednesday as traders looked ahead to minutes from the Federal Reserve’s latest policy meeting, seeking further insight into the prospect of an interest rate cut. Along with minutes from the Fed’s July meeting, Wall Street anxiously awaits commentary from central bank leader Jerome Powell. The Fed chair is expected to deliver remarks Friday at the Jackson Hole Economic Symposium, where he could provide further clues into the Fed’s next rate decision at its September gathering. The key will be Chair Powell’s tone, which is expected to lean dovish.
ESU24 (SEP2024): YVAH 5630 YPOC 5624 YVAL 5616 GAP 5625.25
/ES Plan: Yesterday market closed balanced, and overnight continues on that way, moving a few ticks above previous value, so these're the opening and initial balance options for today:
