Jackson Hole, Powell
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Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole, WY.
23hon MSN
World shares are mixed as traders await cues on U.S. monetary policy from Jackson Hole meeting
World shares are mixed after Wall Street fell to a fifth straight loss, and as traders look for cues about U.S. monetary policy from a meeting of central bankers in Jackson Hole, Wyoming
12hon MSNOpinion
Retirees: The news from Jackson Hole is ominous for you
If you are retired, you probably need to live off the income from your investments, particularly bonds and certificates of deposit. So what you want are higher interest rates, low inflation and a strong, independent Federal Reserve that can keep inflation low in the future. On Friday, you went 0 for 3.
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.
1d
Barchart on MSNStocks Muted Before the Open With Focus on Fed’s Jackson Hole Summit and U.S. PMI Data, Walmart Earnings on Tap
September S&P 500 E-Mini futures (ESU25) are down -0.10%, andSeptember Nasdaq 100 E-Mini futures (NQU25) are down -0.02% this morning, pointing to a muted open on Wall Street after days of selling, while investors await Federal Reserve’s gathering at Jackson Hole,
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.