US stocks rebounded from last week’s losses and moved higher on Monday, ahead of a key policy meeting from the Federal Reserve.
Fed Chairman Jerome Powell and Fed governors are set to meet for their annual Jackson Hole meeting on Friday, though the event has been changed to virtual format following the recent surge in COVID-19 Delta cases.
Top of mind for investors is the Fed’s move to potentially begin tapering its monthly bond purchases. Recent Fed minutes from July’s meeting had signal led that it may begin tapering its $120 billion of monthly bond purchases before year-end.
