Powell puts rate cut on table
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Federal Reserve Chair Jerome Powell is set to speak Friday in Jackson Hole, Wyoming, at a Fed research conference. As always, traders will be listening for hints about what might happen with interest rates at next month’s Fed meeting. That’s as a weakening labor market sets the backdrop.
The president's latest attack comes as Powell is scheduled to deliver remarks at the Fed's annual conference in Jackson Hole, WY, on Friday.
Get insights on the 2023 Fed Symposium in Jackson Hole. Explore market expectations, Powell's agenda, and potential rate cuts' impact on the economy.
Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole, WY.
Heading into Fed Chair Jerome Powell's pivotal speech, financial markets are not completely convinced the central bank will cut interest rates next month. The FedWatch tool from CME, which is based off the trading in fed funds futures,
Wall Street on Friday notched its best day since late May, sparked by Federal Reserve interest rate cut expectations. Fed chair Jerome Powell at the Jackson Hole Economic Policy Symposium did not fully commit to cutting rates but did note that the downside risks to the labor market were increasing and that the "baseline outlook and the shifting