Jackson Hole, Fed and Jerome Powell
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Powell's Jackson Hole speech signals a dovish Fed shift, balancing inflation and jobs. Markets rally as rate cut expectations rise for September. Read more here.
The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment.
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.
In a typical year, Jackson Hole sparks excitement mostly among market watchers. This time, the symposium feels more pivotal.
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