CBOE Interest Rate 10 Year T No (^TNX)

Stock Futures Are Rising With Markets Focused on Jackson Hole

Stock futures were looking for direction Thursday's with markets on edge ahead of Federal Reserve Chair Jerome Powell’s speech to the Jackson Hole monetary policy conference. It will be tough for markets to take a firm direction until Powell has addressed Jackson Hole. The Fed chair’s speech on Friday could give investors a clearer signal about where interest rates are headed as the central bank gets ready to start slashing borrowing costs in a bid to support the U.S. labor market.

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  Fed Chair Jerome Powell to Speak at Jackson Hole This Friday: What You Need to Know

  The Wall Street Journal
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  U.S. Stock Indexes Flat as Investors Await Jackson Hole Speech

  The Wall Street Journal

Stock Market Today: Stocks pull back from record test with Fed in focus

Dovish Fed minutes and a big revision in labor market gains has investors betting on more interest-rate cuts between now and year's end.

US Home-Purchase Applications Slide to Lowest Since February

(Bloomberg) -- A measure of US mortgage applications for home purchases slid last week to the lowest level since February, indicating elevated housing prices are impeding a nascent upswing in demand from falling mortgage rates.Most Read from BloombergThe Serious Work That Free Play Can DoThe Mortgage Bankers Association’s index of mortgage applications to buy a home decreased 5.2% to 130.6 in the week ended Aug. 16. Refinancing applications also tumbled after surging to a two-year high in the pr