Investors monitor Warrish for Fed cues

Investors are focusing on the speech of the new Federal Reserve Chairman, Jerome Powell, during the Jackson Hole symposium, to understand the future policies of the Fed regarding interest rate hikes and the strategy for restoring inflation to the 2% target. Investors believe that deviations from clear guidance may increase market uncertainty, especially given Powell's previous signals indicating a potential easing of rate hike pressures due to rising yields, despite inflation remaining above the target. Market bets are increasing on a 40% chance of an interest rate hike next month, amid slowing job growth and easing price pressures.