Markets Hold Range as Investors Await Fed Signals From Jackson Hole

Global financial markets traded in tight ranges on Tuesday as investors awaited policy signals from the Federal Reserve’s annual Jackson Hole Economic Symposium later this week. The Dow Jones Industrial Average paused just below its record high, while benchmark indices in Asia showed muted moves. Gold prices held steady and Asian currencies consolidated, with traders reluctant to make sizable bets ahead of Fed Chair Jerome Powell’s address at the mountain-resort gathering. Market participants are looking for clues on the U.S. central bank’s outlook for interest rates and balance-sheet policy following recent mixed economic data.