U.S. stocks struggled for direction as investors digested the latest hawkish noises from the Federal Reserve amid mounting signs of a global economic slowdown.
Investors will pore over Fed Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday for a sense of how hawkish the U.S. central bank will be in the face of mounting economic challenges. A global rebound in equities from a June low has stalled ahead of the widely-anticipated event.
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