US STOCKS-Wall St set to open flat as investors eye Fed

miércoles 24 de agosto de 2016 08:45 GYT

* Yellen to speak on monetary policy on Friday

* Express Inc plunges after slashing forecast

* Futures up: Dow 8 pts, S&P 1.25 pts, Nasdaq 4.5 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

Aug 24 (Reuters) - Wall Street was set open little changed on Wednesday as investors kept up their wait for Federal Reserve Chair Janet Yellen's speech on Friday for clues on the timing of an interest rate hike.

Yellen's keynote speech will be the main focus of a meeting of global central bankers in Jackson Hole, Wyoming. The meet, which starts Thursday, has traditionally been used by Fed chiefs as a platform to signal the direction of monetary policy.

Recent hawkish comments from some Fed policymakers, including Vice Chairman Stanley Fischer, have raised expectations that Yellen might signal the possibility of a hike in September.

Wall Street has been on a record-setting run - the Nasdaq hit a record intraday high on Tuesday - due to continued expectations for low rates, coupled with upbeat corporate earnings and strong economic data.

But, trading volumes have been below average in the past few sessions as the earnings season winds down and as traders stay away from major bets ahead of a firmer handle on monetary policy.   Continuación...