Powell, Jackson Hole
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Powell’s Jackson Hole speech looms as markets temper Fed rate-cut bets, with hot PPI data, labor market weakness, and tariff risks clouding outlook.
This week's set-piece event is the Jackson Hole central-bank gathering in Wyoming, slated for Thursday through Saturday. Investors will tune into Federal Reserve Chair Jerome Powell's speech for any hints on whether the central bank might kick off interest-rate cuts in September.
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.
Stocks have been resilient since the July jobs report, with interest rate cuts now not just a hope, but a legitimate expectation.
Dow, S&P 500, and Nasdaq futures are rising in premarket trading as the stock market looks ahead to the Federal Reserve's Jackson Hole Symposium.
Gold ticked up on Wednesday but hovered near three-week lows, as investors looked towards the Federal Reserve's July meeting minutes and the Jackson Hole, Wyoming symposium of central bankers this week for cues on further rate cuts.
Stocks start the week just shy of record highs, underpinned by a well-received corporate earnings season and hopes the Federal Reserve will soon start reducing official borrowing costs again. Investors are therefore keen that Friday’s keynote address by Fed Chair Jerome Powell at the Jackson Hole symposium will be suitably dovish.
Citron Research (Hedge Fund) resurfaced with a rare short report, pegging Palantir’s fair value at $40. The stock tumbled roughly 8% in a single day, stoking questions over whether this was an overdue reality check or simply an excuse for traders to take profits across tech.
Gold prices edged lower on Tuesday as the U.S. dollar firmed, while investors hunkered down for Federal Reserve Chair Jerome Powell's speech at Jackson Hole later this week.
Awaiting the Fed’s next move, the crypto market crashed, but expectations now center on the FOMC Minutes and Powell’s speech at Jackson Hole.