Global investors are turning their attention to the Federal Reserve’s annual policy symposium in Jackson Hole, Wyoming, which begins next week and culminates with Chair Jerome Powell’s remarks on Friday. Market participants will look for signals on whether the central bank is prepared to cut interest rates later this year after mixed readings on inflation and resilient consumer spending kept the policy outlook in flux. The meeting follows a busy economic calendar: July consumer-price inflation figures are due Tuesday, producer-price data arrive Thursday, and July retail sales and the University of Michigan’s preliminary August consumer-sentiment survey are scheduled for Friday. At least five Fed officials are also slated to speak during the week, offering additional cues on how policymakers interpret the latest data. Outside the United States, OPEC will release its monthly oil-market report on Tuesday, adding another input for traders assessing the inflation trajectory through energy prices. The confluence of data and high-profile Fed commentary could sharpen expectations for the Federal Open Market Committee’s mid-September meeting, where futures markets still price in the possibility of the first rate cut since 2024.
WATCH: From a central bank shin-dig in Wyoming to inflation data out of Japan, these are the stories to watch in business and finance in the coming week https://t.co/tVUkbf3h2q https://t.co/uLfMtbjFon
Wall St. Week Ahead Wall Street trains sights on Jackson Hole Fed gathering https://t.co/sVvclkGDzD https://t.co/sVvclkGDzD
Investors will train their sights next week on Jackson Hole, Wyoming, where Federal Reserve policymakers gather for their annual policy symposium https://t.co/7vvdRN7gAB https://t.co/GddnFOpBDe