US futures are indicating a higher open today. European equity markets have opened strong, following the mostly advancing Asian markets. Market attention is focused on Fed Chair Powell's upcoming testimony at the Jackson Hole Symposium. Expectations are that Powell will set the stage for easing while reiterating the Fed's data-dependent approach, though he is likely to avoid any explicit signaling. The ongoing debate centers on whether the Fed will opt for a 25 or 50 basis point cut next month.
Companies Mentioned: Paramount Global (NASDAQ:PARA)