Powell’s Jackson Hole speech looms as markets temper Fed rate-cut bets, with hot PPI data, labor market weakness, and tariff risks clouding outlook.

The annual Jackson Hole Economic Symposium takes place later this week. It will attract policymakers from around the world and feature highly anticipated remarks from Federal Reserve Chair Jerome Powell.

Gold futures fell modestly, as investors mostly held their fire ahead of the Federal Reserve's annual symposium this week in Jackson Hole, Wyoming.

The USD/CHF pair trades in a tight range marginally below 0.8100 during the late Asian trading session on Wednesday. The Swiss Franc pair has been trading sideways from a week as investors await Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole (JH) Symposium, which is scheduled on Friday.

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.

The Nasdaq fell as megacaps lost, after having rallied for much of the year. Nvidia fell 3.5%, the biggest drop in nearly four months.

The crypto market decline deepened as Bitcoin, Ether, and XRP dropped ahead of Fed Chair Powell's Jackson Hole speech and policy cues.