Markets Rally as Fed Rate Cut Speculations Rise Ahead of Jackson Hole

Investors eye potential economic shifts with upcoming Fed Chair Powell's speech and retail earnings reports.

S&P 500 and Nasdaq are on track for their longest winning streaks of the year, buoyed by easing recession fears.
Fed policymakers, including Mary Daly, suggest it's time to consider rate cuts amid signs of controlled inflation.
Goldman Sachs has lowered the probability of a US recession to 20%, citing recent economic data.
Upcoming Jackson Hole symposium will be pivotal in shaping future monetary policy directions.
Retail earnings reports from major companies like Lowe's and Target will provide further insights into consumer health.