U.S. Stock Futures Mixed Ahead of Fed Chair Warsh's Jackson Hole Debut

By Joe Stonor

U.S. stock futures were mixed and Treasury yields rose slightly in early European trade as markets nervously await Federal Reserve Chairman Kevin Warsh's first appearance at the Jackson Hole symposium.

Investors are set to hang on Warsh's words for clues to the central bank's rate-setting path. Following the surprise intervention of Treasury Secretary Scott Bessent to cool longer-dated yields last week, and signs of sticky inflation this week, markets watch for signs Warsh is open to raising rates.

Jackson Hole has often been the setting for significant interventions by Fed chairs, Deutsche Bank analysts noted.

The address will seek to restore confidence in the Fed's commitment to taming inflation, and ease concerns that the absence of forward guidance will undermine stability, Samarra Hammoud, FX strategist at CBA, said.

Market moves were limited ahead of the speech. Futures for the Dow Jones Industrial Average rose 0.2%, while S&P 500 futures were flat. Nasdaq futures slipped 0.3% after the index notched its best day since the first week of August in the last session. Yields on 10-year Treasurys edged up 0.8 basis point to 4.679%.

PayPal is a standout premarket mover. The stock tumbled 14% after an Advent-linked firm and payment processor Stripe abandoned attempts to acquire the company, according to a Bloomberg report.

Gold contracts and the dollar were little moved. Brent crude oil hovered around $90 a barrel as hopes for an advance in peace talks and reopening of the Strait of Hormuz fade.

Asian equities moved largely sideways, while European stock indexes broadly gained. Bitcoin hovered close to $80,000, as its struggles to break out above the key threshold continued.

Write to Joe Stonor at josephmichael.stonor@wsj.com

(END) Dow Jones Newswires

August 28, 2026 04:45 ET (08:45 GMT)