Warsh Speech Looms Over US Stock Market

The US stock market is in a holding pattern ahead of a highly anticipated speech by Federal Reserve Chair Kevin Warsh at the annual economic symposium in Jackson Hole, Wyoming.

Warsh has made clear he intends to provide fewer clues about how the Fed plans to control inflation, despite pressure from economists and investors for guidance on US policy.

The S&P 500 rose 0.1% in early trading, while the Dow Jones Industrial Average added 140 points and the Nasdaq composite edged down 0.1%