US EditionPowell to Give His Last Jackson Hole Speech Under Watchful Gaze of Wall Street and the White House
Federal Reserve Chair Jerome Powell's upcoming speech is expected to clarify the likelihood of a 25 basis point interest rate cut in September amid mixed economic signals.
- The Federal Reserve is set to give clues on potential interest rate cuts at the annual Jackson Hole Economic Policy Symposium, amid pressure from the White House and Wall Street.
- Traders are pricing in nearly an 80% chance of the Fed cutting interest rates at its next policy meeting in September, according to the CME Group's FedWatch tool.
- Fed Chair Jerome Powell's speech at Jackson Hole could create uncertainty about prospects of an interest rate cut in September, according to Deutsche Bank analysts.
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Investors have their eyes on the S&P 500 that, according to original report, could move around 0.8% in any direction until the end of the week. Many consider that the speech of Fed President Jerome Powell will be the driving force behind this movement, especially after the index experienced a rise of more than 1% during last year's speech at Jackson Hole.What is expected from Powell Powell's speech, who will speak Friday at Jackson Hole's Econom…
Brace for Jerome Powell's Jackson Hole speech to drive big swings in this corner of the stock market, BofA says
ANGELA WEISS/AFP via Getty ImagesMarkets are bracing for Jerome Powell's speech at Jackson Hole on Friday. Nervousness ahead of the Fed chair's remarks helped spark a sell-off in some high-flying growth shares this week. BofA says that Powell's comments will result in a big impact for small-cap stocks. A sell-off in high-flying growth stocks this week hints at nervousness ahead of Jerome Powell's remarks at Jackson Hole, but there's another area…
Associated Press News
Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was “solid.”
With Fed under pressure, Jerome Powell prepares for a high-stakes speech
The Fed chair will speak Friday at an annual economic symposium in Jackson Hole, Wyo. The speech comes as the central bank is under mounting pressure from the White House to lower interest rates.
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