Powell's Last Jackson Hole Speech Could Be a Big 1
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News Nation on MSNJerome Powell to speak in Jackson Hole | Morning in America
I think the Fed is just afraid that if they cut rates too soon and then inflation takes hold 30 days later, that it’s going to feel like this whipsaw effect,” Peter Dunn said.
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,