Powell Has Reason to Hedge Jackson Hole Signal
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This week's set-piece event is the Jackson Hole central-bank gathering in Wyoming, slated for Thursday through Saturday. Investors will be glued to Federal Reserve Chair Jerome Powell's speech, hoping for any insight into whether the central bank might kick off interest-rate cuts in September.
According to Bloomberg Economics, "Federal Reserve Chair Jerome Powell has the opportunity to settle the speculation with his speech at the annual Jackson Hole Symposium", but economists Anna Wong, Stuart Paul, Eliza Winger, Estelle Ou and Chris G. Collins think he won't be as frank this year.
The dollar was edging up as investors awaited the Federal Reserve's Jackson Hole economic symposium later this week. Fed Chair Jerome Powell will speak Friday at the event and the market will be looki
The summits of the rocky mountains that surround the valley of Jackson Hole will once again count from Thursday with the usual presence of the main central banks, led by the president of the US Federal Reserve,
Powell and dozens of other economists and policymakers from the U.S. and abroad could have a run-in with bats as they meet in Jackson Hole next week for an annual symposium.
Previously unloved stocks are making a big comeback before Jackson Hole, the Federal Reserve’s annual summer economic summit
Hot PPI data halts the silver rally as inflation fears rise. Fed rate cut hopes fade, with traders eyeing Jackson Hole for next clues.