Fed Chair Powell’s Jackson Hole Speech Could Jolt Markets
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The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
SignalPlus head of Insights Augustine Fan noted that markets have already ruled out any chance of an outsized 50-basis-point cut.
Gold was little changed as traders weighed US-led efforts to end the war in Ukraine, and counted down to the Federal Reserve’s annual Jackson Hole gathering, which may yield hints on possible rate cuts.
17hon MSN
Stocks often rise the week of the Fed’s big Jackson Hole gathering. Don’t count on it this year.
Later this week, economists, central bankers and members of the business press will gather in Jackson Hole, Wyo. for the Kansas City Fed’s annual Jackson Hole Economic Policy Symposium.
Wall Street and European shares ended flat to modestly lower on Monday ahead of a key central bank gathering later in the week that likely will determine the future path of U.S. interest rate policy.
Bitcoin traders eye Jackson Hole for potential bullish signals; Powell's speech could drive BTC price, depending on tone on rate cuts.
US Dollar forecast rises on geopolitical talks as traders await Powell’s Jackson Hole speech. GBP/USD and EUR/USD hold key technical levels.