Fed at Jackson Hole, jobless claims, Tim Walz: 3 Things

The Federal Reserve kicks off its Jackson Hole Economic Symposium in Wyoming today, where Fed Chair Jerome Powell is set to give a speech Friday night that could hint at how much the central bank could cut interest rates in its September policy meeting. US initial jobless claims for the prior week came in line with economist expectations — 232,000 — while increasing from the previous week, which could point to a cooling labor market after yesterday's payroll revisions. Minnesota Governor and Vice Presidential candidate Tim Walz accepted his nomination in a speech at the Democratic National Convention (DNC) on Wednesday night, endorsing Kamala Harris’s economic agenda. Vice President Harris is scheduled to formally accept her nomination and speak at the DNC tonight. For more expert insight and the latest market action, click?here?to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.