Lower Stocks, Week Ahead, Oil, Bitcoin, Artemis I-5 Things to Know

Here are five things you need to know for Monday, August 29:

1. — Stock futures extend slide after Powell’s inflation reality check

U.S. stock futures extended their decline on Monday as Treasury bond yields soared and the dollar tested multi-decade highs against its global peers amid rhetoric on the inflation from Federal Reserve Chairman Jerome Powell was rippling through global markets.

Powell’s speech Friday at the central bank’s Jackson Hole symposium warned of the “pain” needed to rein in the fastest inflation in over forty years, and signaled further rate hikes – and possibly – be larger – to come by the end of December.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button