Jackson Hole, key retail earnings, and fresh economic data
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Jackson Hole, Trump
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Powell has used Jackson Hole to battle inflation and buoy jobs; he's now caught between both
By Howard Schneider WASHINGTON (Reuters) -Fed Chair Jerome Powell used the central bank's annual Wyoming research conference to promise inflation-fighting rigor when it was needed in 2022, then last year he came to the defense of the job market with promises of lower interest rates when the unemployment rate seemed on a steady rise.
Investors are tracking talks aimed at ending the Russia-Ukraine war and awaiting Federal Reserve Chair Jerome Powell's speech at Jackson Hole at the end of the week.
Jerome Powell has the ideal platform Friday to deliver a clear signal the Federal Reserve is about to resume cutting interest rates. But the economy isn’t giving him an equally clear signal that now is the time.
What will Federal Reserve Chair Jerome Powell signal about interest rates at this year's Jackson Hole gathering? The central-bank gathering has sometimes been a venue for marking shifts in Fed policy,
U.S. and European shares started the week on a cautious footing ahead of a potentially eventful week for U.S. interest rate policy, as attention turned to Washington where Ukraine's Volodymyr Zelenskiy and European leaders will meet Donald Trump.
Most notably, Fed Chair Jerome Powell is slated to speak on Friday at the annual Jackson Hole Economic Symposium, which is hosted by the Federal Reserve Bank of Kansas City. This event, in Jackson Hole, Wyoming, is considered one of the most important events of the year, featuring a gathering of world economic leaders.
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,
Gold price stalls below 50-day MA as traders await Powell’s Jackson Hole speech and Fed rate cut signals. Technical weakness keeps outlook neutral to bearish.