August 20, 2024 – 7:26 AM PDT
(Reuters) – Wall Street’s main indexes were muted on Tuesday, as investors awaited clues on a September interest rate cut from the minutes of the Federal Reserve’s latest meeting and a symposium at Jackson Hole later this week.
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Markets have been choppy after the S&P 500 (.SPX) and the Nasdaq (.IXIC) extended gains to an eighth straight session on Monday, their longest winning streak so far this year, after a recent set of data raised optimism about the economic health and boosted expectations of a rate cut when the Fed meets in September.
Investors have been worried about a recession after a recent report pointed to a rise in unemployment in the world’s largest economy, triggering a selloff…