Fed Chair Jerome Powell signals path to rate cuts
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1don MSN
Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Both Wall Street and the White House will be paying close attention to Fed Chair Jerome Powell’s high-profile speech Friday at the Fed’s annual economic symposium in Jackson Hole, Wyoming.
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.
1don MSN
Gold Jumps After Powell Speech
Gold futures surged following Fed Chair Jerome Powell’s address in Jackson Hole, Wyo. opening the door for a rate cut next month and future cuts to come.