US STOCKS-Wall St to open up after jobless claims data; Jackson Hole ahead

jueves 21 de agosto de 2014 09:12 GYT

* Initial claims drop 14,000 from prior week

* Family Dollar rejects Dollar General buyout offer

* Jackson Hole conference to begin

* Fed's George says time to hike interest rates

* Futures up: Dow 33 pts, S&P 3 pts, Nasdaq 4.25 pts (Adds data, updates prices)

By Chuck Mikolajczak

NEW YORK, Aug 21 (Reuters) - U.S. stocks were set for a slightly higher open on Thursday, after jobless claims data pointed to continued improvement in the labor market and before the start of a meeting of top central bankers and economists in Jackson Hole, Wyoming.

* Policymakers are due to discuss the labor markets of major economies at the Aug. 21-23 meeting, with U.S. Federal Reserve Chair Janet Yellen scheduled to speak Friday. Investors will peruse officials' remarks for clues on the timing of an interest rate hike.

* Kansas City Federal Reserve Bank President Esther George told CNBC the time has come for the Federal Reserve to raise interest rates, citing labor market improvements.   Continuación...