Jackson Hole, federal reserve and Powell
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The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
Markets bet on a September Fed rate cut at Jackson Hole, but sticky inflation, Trump tariffs, and Powell’s framework review could derail expectations.
4hon MSN
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.
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.
US Treasury yields rebounded across the curve on Thursday, with the benchmark 10-year rising one basis point (bps) to 4.335%. US real yields, which inversely correlate with Gold prices, are also up more than 1.5 bps, climbing to 1.955%.
Previously unloved stocks are making a big comeback before Jackson Hole, the Federal Reserve’s annual summer economic summit