The Federal Reserve is under mounting pressure from both investors and President Donald Trump to lower interest rates, with Chair Jerome Powell set to deliver his closing remarks today at the central bank’s annual symposium in Jackson Hole, Wyoming. His speech is expected to shed light on the Fed’s policy direction. While markets are largely anticipating a quarter-point rate cut in September, Deutsche Bank analysts noted Tuesday that Powell’s comments could still “add uncertainty.”

Meanwhile, court filings on Thursday revealed that Elon Musk had approached Meta founder and CEO Mark Zuckerberg earlier this year in an effort to involve him in Musk’s unsolicited $97.4 billion bid to acquire the nonprofit overseeing OpenAI. The disclosure comes amid Musk’s ongoing legal battle with OpenAI, which began last year after he sued the company for shifting toward a for-profit model.