U.S. stocks were mixed today, the Associated Press reports, as investors pondered the upcoming meeting of the Federal Reserve, following Wall Street’s best week since last November. Futures for the S&P 500 edged 0.1% lower, while futures for the Dow Jones Industrial Average rose 0.1%.
The market’s focus is on Jackson Hole, Wyoming, where Federal Reserve Chair Jerome Powell will give a speech later in the week. The setting has been the site of big policy announcements in the past. Powell could offer hints about whether the Fed is hoping to merely remove the brakes from the economy through rate cuts or give it an accelerant.
In energy trading today, benchmark U.S. crude gave up 42 cents to $75.12 per barrel. Brent crude, the international standard, lost 51 cents to $79.17 per barrel.
The U.S. dollar fell nearly 1% to 146.15 yen from 147.58 yen as rising bets on a Fed September rate cut dragged the dollar down.
