Jackson Hole, Powell
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Jerome Powell has the ideal platform Friday to deliver a clear signal the Federal Reserve is about to resume cutting interest rates. But the economy isn’t giving him an equally clear signal that now is the time.
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.
All eyes are on Jerome Powell this week as he prepares to make a major speech in this week where investors are hoping to gain insight into rate cuts.
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Powell has used Jackson Hole to battle inflation and buoy jobs; he's now caught between both
Incoming information has confounded Fed Chair Jerome Powell's data-dependent strategy by pulling in both directions.
Markets bet on a September Fed rate cut at Jackson Hole, but sticky inflation, Trump tariffs, and Powell’s framework review could derail expectations.
Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.