US Stocks edge higher as traders wait for Powell’s Jackson Hole speech

• US stocks rose higher as traders waited for Powell’s speech at Jackson Hole.
• Last year, stocks plunged after Powell warned markets of “more pain” ahead.
• Investors are largely pricing in at least one more rate hike from the Fed later this year.

US stocks rose Friday ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium.

Major indexes ticked higher as investors waited for the Fed chief to deliver his remarks around 10:05 am, in which he’s expected to give key guidance on the state of US economy and the potential path of monetary policy.