Powell to give his last Jackson Hole speech
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Powell’s Jackson Hole speech looms as markets temper Fed rate-cut bets, with hot PPI data, labor market weakness, and tariff risks clouding outlook.
4don MSN
Stocks often rise the week of the Fed’s big Jackson Hole gathering. Don’t count on it this year.
Later this week, economists, central bankers and members of the business press will gather in Jackson Hole, Wyo. for the Kansas City Fed’s annual Jackson Hole Economic Policy Symposium.
Wall Street cheered remarks from Federal Reserve Chair Jerome Powell in Jackson Hole opening the door to a rate cut in September.
Gold prices traded lower in Friday's session ahead of Jerome Powell's speech at the Jackson Hole symposium. Powell's hints on a potential rate cut in September may significantly boost gold prices.
By Ishaan Arora (Reuters) -Gold ticked up on Wednesday but hovered near three-week lows, as investors looked towards the Federal Reserve's July meeting minutes and the Jackson Hole, Wyoming symposium of central bankers this week for cues on further rate cuts.