Wall Street Anticipates Federal Reserve Chair's Speech At Jackson Hole

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign

Wall Street is poised for modest gains as the market awaits further corporate earnings reports and a highly anticipated speech from Federal Reserve Chair Jerome Powell. Futures for the Dow Jones Industrial Average are up 0.1%, while futures for the S&P 500 have gained 0.2%.

Trading activity is expected to be subdued as investors look ahead to the annual central bankers' conference in Jackson Hole, Wyoming, where Powell is scheduled to deliver a speech on Friday. Market participants are eager for insights into the Fed's plans regarding interest rate cuts in September following recent increases aimed at curbing inflation.