Overview

• Federal Reserve Chairman Jerome Powell's speech is expected to provide insights on future interest rate cuts.
• Major stock indexes experienced declines as traders shifted away from riskier investments ahead of Powell's address.
• The U.S. Open starts with a record $75 million prize pool and high expectations for top players.
• Last year's U.S. Open generated $514 million in revenue, reflecting its significant economic impact.
• Carlos Alcaraz and Aryna Sabalenka are the current favorites in the men's and women's singles competitions.