European markets are set to open slightly higher on Thursday as global investors await the start of the U.S. Federal Reserve’s Jackson Hole economic symposium.
LONDON — European markets are set to open slightly higher on Thursday as global investors await the start of theThe Fed's annual symposium kicks off on Thursday, with Chairman Jerome Powell due to deliver a speech Friday. Investors will be listening for information on the central bank's monetary tightening trajectory as it looks to rein in inflation, and whether interest rate cuts are in sight at the end of the current cycle.
"Powell is likely to stress that policy still has a long way to go before the Fed will feel comfortable it has decisively turned the corner on restoring price stability. This is important because the market has behaved recently as if the Fed has pivoted away from its hawkish stance," Bartholomew said in an email Wednesday.
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