Wall Street and global markets await potential U.S. Federal Reserve interest rate cuts.

Wall Street and global markets are cautiously trading as investors await information on potential interest rate cuts from the U.S. Federal Reserve. The recent market volatility has led to increased inflows into U.S. equity funds, with investors advising preparation for potential rate cuts. The upcoming Federal Reserve meeting, following Wall Street's best week since November, will provide significant insights into future policy directions. Federal Reserve Chair Jerome Powell is set to give a speech at the annual Jackson Hole symposium of central bank chiefs, where investors hope for signals regarding interest rate cuts.