Markets look for clarity, but ignore Fed message

WASHINGTON, D.C.: United States central bankers have been hammering home a single message: interest rates will rise until inflation begins to come down. But financial markets keep hoping to hear a different tune, one indicating that the pace of rate hikes would slow.

All eyes will be on this week's annual gathering of policymakers in Jackson Hole, Wyoming to hear Federal Reserve (Fed) Chairman Jerome Powell explain his stance — again — with market watchers hoping to get something more to their liking.