Powell's Last Jackson Hole Speech Could Be a Big 1
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Fed Chair Powell sparked a big rally as he signaled the central bank could cut rates in September in his remarks at the Jackson Hole policy symposium.
Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.
If inflation starts climbing again after a rate cut, “the Fed will have to reverse course — and in the worst case, start hiking again,” Slok said.
Brent Donnelly of Spectra Markets ran a sizeable survey of expectations for Fed Chair Jerome Powell's speech, and of the 473 responses, 51% expect a neutral-to-boring outcome and 43% see a hawkish tint.
In a typical year, Jackson Hole sparks excitement mostly among market watchers. This time, the symposium feels more pivotal.
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Capital Market on MSNGold trades rangebound on Fed caution; Powell speech in focus
Gold futures slipped below $3370 an ounce on Friday, weighed down by a stronger US dollar and caution ahead of Fed Chair Powell's speech at Jackson Hole. The dollar index