Fed's Powell at Jackson Hole
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Powell, Dollar and Gold trades
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The Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming is winding down. Here are some of the key takeaways from the conference:Powell SignalFed Chair Jerome Powell used his Friday speech to signal the US central bank is likely on track for an interest-rate cut in September,
Wall Street rallied on Friday morning after Federal Reserve Chair Jerome Powell's signaled a rate cut could be on the horizon.
Powell's speech at Jackson Hole will set the tone for policy through the rest of this year. BofA says the speech will drive big swings in these stocks.
The Federal Reserve notes the balance of risks to the U.S. economy may warrant a shift in policy stance – in other words, a rate cut. Read more here.
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.
Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.