Fed Chair Powell’s Jackson Hole Speech Could Jolt Markets
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The TV-style approach could present the White House with an excuse to meet with some current Fed officials who don’t support lowering rates.
Federal Reserve Chair Jerome Powell will speak Friday during an annual economic policy gathering to give his outlook on the economy. It’s a time of high uncertainty with inflation still
Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole Economic Policy Symposium on Friday is being billed as a pivotal, "make-or-break" moment for the central bank's more dovish contingent.
At Jackson Hole, Jerome Powell could lay out more overarching changes to the central bank’s dual mandate that will last long after his tenure is up next May and mark part of his legacy.
Key Takeaways With economic data sending mixed signals and stock valuations at historic highs, Wall Street could be headed for a rough patch, according to analysts at Evercore ISI. Evercore analysts argued in a note on Sunday that Fed Chair Jerome Powell's speech at Jackson Hole,
Palo Alto Networks jumped 6.3% overnight after the cybersecurity company beat Wall Street’s sales and profit forecasts. The California company also announced the retirement of Nir Zuk, its founder, chief technology officer and board member.
U.S. stocks closed a listless day nearly flat as investors wait for key retail earnings and an annual Fed conference for direction this week.
Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.
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