On Friday, two of the most influential figures in the world of finance will be speaking together. Federal Reserve Chairman Jerome Powell and his predecessor Ben Bernanke will be discussing the current state of the economy and the outlook for the future. This is a rare opportunity to hear from two of the most knowledgeable people in the field of economics.rnrnThe discussion will focus on the impact of the coronavirus pandemic on the economy and the role of the Federal Reserve in responding to the crisis. They will also discuss the outlook for the future and the potential for a recovery. This is an important conversation for investors and business owners alike, as it will provide insight into the direction of the economy and the potential for growth.rnrnThe discussion will be broadcast live on Friday, and it is sure to be an informative and insightful conversation. This is a great opportunity to hear from two of the most knowledgeable people in the field of economics and to gain insight into the current state of the economy and the outlook for the future.U.S. stock futures paused on Friday, as investors focused on debt-ceiling talks and an address from Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average rose 0.34%, the S&P 500 increased 0.94%, and the Nasdaq Composite gained 1.51% on Thursday.
Investors who had been betting against stocks appear to be scrambling to buy them as the U.S. economy shows signs of continuing to grow, while mostly hopeful signs have emerged from negotiations to lift the debt ceiling. Powell is due to speak at 11 a.m. Eastern, following recent commentary from central bank officials who seem ready to at least consider raising interest rates next month. Friday also will see the expiration of key options contracts.
One segment missing out has been U.S.-listed Chinese stocks, as the KraneShares CSI China Internet ETF dropped 4% on Thursday and has fallen 11% this year. The Hang Seng closed 1.4% lower on Friday. With the debt-ceiling talks and Powell’s address in focus, investors will be watching to see if the recent rally in U.S. stocks can continue.The U.S. stock market has been booming in recent weeks, but investors may be in for a pause as futures inch higher. Disney+ and Hulu are set to start removing shows next week, while a debate over the debt ceiling has Ray Dalio warning of a “disastrous financial collapse.” Meanwhile, one man is trying to figure out how to avoid taxes legally, and another is trying to buy a $40,000 car despite his wife’s objections.rnrnIt’s a volatile time for investors, with the stock market booming and a number of potential pitfalls on the horizon. Investors should be aware of the potential risks and take steps to protect their investments. They should also be aware of the potential tax implications of their investments and take steps to ensure they are compliant with the law. Finally, they should be aware of the potential for unexpected expenses, such as a $40,000 car, and plan accordingly.