Markets React Ahead of Powell's Jackson Hole Speech

Stocks and bonds decline as investors anticipate Federal Reserve's next moves on interest rates.

U.S. stocks and bonds fell on Thursday, reversing recent gains.
Investors are closely watching Jerome Powell's upcoming speech for clues on future rate cuts.
Asian markets are also impacted, with Japanese inflation and monetary policy in focus.
Mixed economic data in the U.S. shows a cooling labor market but resilient services sector.
The dollar strengthened, affecting emerging market currencies and global market sentiment.