Jackson Hole, Federal Reserve
Digest more
Get insights on the 2023 Fed Symposium in Jackson Hole. Explore market expectations, Powell's agenda, and potential rate cuts' impact on the economy.
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.
The Kansas City Fed’s annual central banking shindig kicks off this Thursday, and for a few summer days Jackson Hole plays host to the world’s biggest hitting central bankers, economists, and hangers-on. What’s on the agenda? We don’t know. We never know until the thing starts — which is 6pm Mountain Time (1am BST). But as Goldman analysts put it:
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.
As Federal Reserve officials gather in Jackson Hole, Wyo., this week for their 43rd annual economic policy symposium, Federal Reserve Chair Jerome Powell and his central bank colleagues face a dilemma: hold interest rates steady in September on account of rising inflation or lower rates thanks to weaker job market reports.
16hon MSN
Powell has used Jackson Hole to battle inflation and buoy jobs; he's now caught between both
Incoming information has confounded Fed Chair Jerome Powell's data-dependent strategy by pulling in both directions.