Investors Await Key Powell Speech; DNC Begins in Chicago

Traders are eagerly anticipating a pivotal speech from Powell as the stock market shows signs of steadiness. Meanwhile, Trump and Harris gear up for a heated week in the presidential race. Goldman Sachs has reduced U.S. recession risks after analyzing retail sales and jobs data. The global landscape is complicated by events from the Gaza conflict to severe weather challenges in the U.S. Additionally, inflation is shaping back-to-school shopping behavior, highlighting a shift towards consumer optimism.