S&P 500 futures are little changed as investors count down to Warsh's Jackson Hole address: Live updates - CNBC
S&P 500 futures remained flat as investors awaited Federal Reserve Chairman Kevin Warsh's speech at Jackson Hole. Warsh expressed concerns regarding inflation trends, leading to increased market speculation about potential interest rate hikes.
Why it matters
Market reactions to Federal Reserve policy signals are critical for understanding investor sentiment and the broader economic outlook.
The S&P 500 fell on Friday, but still notched a winning week, after Federal Reserve Chairman Kevin Warsh conveyed some worry over current inflation trends.
The broad market index lost 0.25% and closed at 7,711.76, while the Nasdaq Composite slid 0.52% to 26,402.42, weighed down by losses in semiconductor stocks such as Nvidia and Intel . The Dow Jones Industrial Average was down 9.45 points, or 0.02%, and ended at 53,559.99.
The S&P 500 advanced 0.5% on the week, while the Nasdaq gained 0.9%. The Dow climbed 0.5% in the period for its first winning week in three.
In his remarks at the central bank's annual symposium in Jackson Hole, Wyoming, Warsh said, "While this summer's PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved."
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