Jerome Powell's Jackson Hole Speech
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Here's how various financial markets are responding to the Jackson Hole speech by Federal Reserve Chair Jerome Powell:
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.
Fed Chair Jerome Powell's address on Friday and Nvidia earnings after the close on Wednesday may hold the keys as to whether the bull market can continue. "In the near-term, if Chair Powell can give a market-friendly speech and NVDA can meet,
Wall Street fell to a fifth straight loss on Thursday, hurt by a drop for Walmart and dampened hopes for coming cuts to interest rates. The S&P 500 slipped 0.4%. All its losses have been relatively modest,