Wall Street rallied to its best day in months after the head of the Federal Reserve hinted that cuts to interest rates may be on the way

NEW YORK (AP) — U.S. stock indexes are edging lower on Thursday as Wall Street makes its final moves before the head of the Federal Reserve gives a highly anticipated speech on Friday that could hint at where interest rates are going.

Wall Street's main indexes rallied on Friday, as investors celebrated comments from U.S. Federal Reserve Chair Jerome Powell hinting at a possible interest-rate cut during his long-awaited Jackson Hole Symposium speech.

Morgan Stanley has a higher bar for a rate cut than most of the street. Morgan Stanley's global economist, Arunima Sinha, recorded a podcast Wednesday in which she gave her evaluation of the

U.S. stocks are ticking higher ahead of a highly anticipated speech about where interest rates may be heading.

Wall Street's main indexes ended higher on Friday, with the blue-chip Dow hitting a record closing high, as investors piled into stocks after U.S. Federal Reserve Chair Jerome Powell hinted at a near-term interest-rate cut during his Jackson Hole Symposium speech.

Wall Street analysts are signaling that all this drama contains serious risks for the bond market, the dollar, and U.S. assets generally. If Trump gets his way, and U.S. monetary policy ends up being run by people who will do what he wants—as opposed to maintaining full employment and low inflation—then expect investors to recoil.

Wall Street was lower on Wednesday, as investors digested more retail earnings and await the Federal Reserve's latest meeting minutes.