Jackson Hole, Jerome Powell
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Fed, Jackson Hole
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The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
Get insights on the 2023 Fed Symposium in Jackson Hole. Explore market expectations, Powell's agenda, and potential rate cuts' impact on the economy.
According to Bloomberg Economics, "Federal Reserve Chair Jerome Powell has the opportunity to settle the speculation with his speech at the annual Jackson Hole Symposium", but economists Anna Wong, Stuart Paul, Eliza Winger, Estelle Ou and Chris G. Collins think he won't be as frank this year.
Gold prices rose on Tuesday, buoyed by lower treasury yields and a weaker dollar amid prospects of lower U.S. interest rates, while investors looked ahead to the Federal Reserve chair's speech at Jackson Hole later this week.
U.S. stocks ended mostly flat on Monday as investors followed the meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky and awaited Federal Reserve Chair Jerome Powell's Friday speech at the annual monetary-policy symposium in Jackson Hole,