What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Subdued world markets eyed proposals for a Ukraine-Russia summit with caution, while updates on the shaky U.

SignalPlus head of Insights Augustine Fan noted that markets have already ruled out any chance of an outsized 50-basis-point cut.

The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.

Gold prices rose on Tuesday, buoyed by lower treasury yields and a weaker dollar amid prospects of lower U.S. interest rates, while investors looked ahead to the Federal Reserve chair's speech at Jackson Hole later this week.

Investors are expecting greater clarity on the direction of interest rates later this week at the annual three-day Jackson Hole central bankers’ symposium, which begins on Thursday (21 August).

Get insights on the 2023 Fed Symposium in Jackson Hole. Explore market expectations, Powell's agenda, and potential rate cuts' impact on the economy.

Subdued world markets eyed proposals for a Ukraine-Russia summit with caution, while updates on the shaky U.S. housing market on Tuesday and this week's Federal Reserve conference in Jackson Hole dominated thinking.

Federal Reserve Chair Jerome Powell is slated to speak on Friday at the Fed’s annual gathering of central bankers in Jackson Hole, Wyoming, and Evercore ISI warns that market participants might not love what he has to say.

According to Bloomberg Economics, "Federal Reserve Chair Jerome Powell has the opportunity to settle the speculation with his speech at the annual Jackson Hole Symposium", but economists Anna Wong, Stuart Paul, Eliza Winger, Estelle Ou and Chris G. Collins think he won't be as frank this year.

Incoming information has confounded Fed Chair Jerome Powell's data-dependent strategy by pulling in both directions.