What to expect from Jackson Hole, the DNC this week

Stock futures are flat ahead of Monday's market open as the Federal Reserve's Jackson Hole Economist Symposium is set to start on Thursday, August 22. Nearly 75% of traders expect a 25-basis-point interest rate cut to come in September, according to the CME. Lowe's, Macy's, and Target are among the US retailers reporting earnings this week. The Democratic National Convention begins Monday with a speech by President Biden tonight.

Takeaways:

• The Federal Reserve will kick off its Jackson Hole Economic Symposium on Thursday, giving investors a clearer picture of the pathway ahead for interest rate cuts.
• S&P Global Ratings chief US and Canada economist Satyam Panday breaks down what to expect from Powell on Friday.
• the Democratic National Convention (DNC) is kicking off in Chicago, with President Biden expected to deliver a speech this evening as he passes the torch to Vice President Kamala Harris. 

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