MARKETS: US: Stock futures flat as investors await more clues from Fed as jobs and employee data due out Friday – @AceFinanceNews

#AceFinanceNews – Aug.30: Stock futures flat as investors await more clues from Fed

A Wall Street sign outside the New York Stock Exchange* Investors are trying to decipher whether an interest rate hike in the United States could come as early as next month after Federal Reserve Chair Janet Yellen said on Friday that the case for a raise was strengthening.

  • Fed Vice Chairman Stanley Fischer, in an interview with Bloomberg TV on Tuesday, said the U.S. job market is close to full strength and the pace of interest rate hikes will depend on how well the economy is doing, but he gave little clues on the timing of the next hike.
  • Investors are awaiting a report on monthly payrolls data due on Friday, which could support the Fed’s earlier plans for two hikes this year or scuttle any move…..

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