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US Stocks: Futures ebb as Powell’s speech nears

U.S. stock index futures slipped on Friday as investors worried about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing economic growth. Powell’s speech at 1000 a.m. ET will be scrutinized for any indication that an economic slowdown might alter the Fed’s monetary policy tightening path and if the central bank can achieve a “soft landing.” However, it has rallied strongly since June, with the S&P 500 regaining half its losses for the year on the back of stronger-than-expected quarterly earnings and hopes that inflation has peaked. Also Read: Goldman Sachs …

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