In his Jackson Hole speech, Powell noted that the Fed is making progress in slowing price gains but stressed that its job fighting inflation isn't done.

Some overzealous programs could be viewed as giving a discriminatory preference to a particular minority or group, potentially leading to lawsuits from conservative activists.

The number of workers on payrolls will likely be revised down by about 306,000 for the first quarter of 2023, from jobs numbers that originally suggested 343,000 new jobs added each month.

Elevated rate fears drive continued bond-market selloff.