Written by 9:07 am Bitcoin

Stocks Lower, Week Ahead, Oil, Bitcoin, Artemis I-5 Things To Know

Here are five things you must know for Monday, August 29:

1. — Stock Futures Extend Slide After Powell’s Inflation Reality Check

U.S. equity futures extended declines Monday, while Treasury bond yields spiked and the dollar tested multi-decade highs against its global peers, as Federal Reserve Chairman Jerome Powell’s inflation rhetoric rippled through global markets. 

Powell’s Friday speech at the Jackson Hole central banking symposium warned of the “pain” needed to tame the fastest inflation in more than forty years, and signaled further — and possibly larger — rate hikes to come between now and the end of December. 

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