Investors are eager for a sense of where policymakers stand on the question of interest rate cuts after economic data this month showed they face a tricky dilemma between a weakening labor market and stubborn inflation.

The 10-year Treasury yield held steady at 4.3%. Oil prices bounced, as West Texas Intermediate futures traded near $62.60 a barrel. Among exchange traded funds, the Invesco QQQ TrustQQQ moved down 0.2%. Also, the SPDR S&P 500 ETFSPY lost 0.1% ahead of Wednesday's market open.

Stocks often rise the week of the Fed’s big Jackson Hole gathering. Don’t count on it this year. Why a ‘wall of money’ is unlikely to flood into stocks when the Fed cuts rates, this Goldman strategist says.