The Federal Reserve said Chair Jerome Powell will deliver the keynote address at the central bank’s annual Jackson Hole Economic Policy Symposium on Aug. 22 at 10 a.m. EDT. Powell’s remarks will focus on the economic outlook and the Fed’s policy framework, according to the published agenda. Investors will comb the speech for signals on the timing and depth of potential rate reductions after mixed U.S. inflation readings. Futures markets still imply at least two quarter-percentage-point cuts beginning as early as the Federal Open Market Committee’s mid-September meeting, and equity traders have pushed major indexes to record or near-record levels on expectations of looser policy. Powell’s appearance also comes amid heightened chatter about the Fed’s leadership beyond next year, with some market participants speculating the Jackson Hole platform could shape perceptions of any future succession plan. Analysts say a tone that is less accommodative than expected could unsettle assets that have rallied on the prospect of lower borrowing costs.
WATCH: Investors will train their sights next week on Jackson Hole, Wyoming, where Federal Reserve policymakers gather for their annual policy symposium https://t.co/tVUkbf3ORY https://t.co/VOy65CwmNl
dudes, get over it. they will cut rates. have a great weekend. I'm travelling so ATW will be late or short and sweet. Enjoy!
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/7vvdRN7gAB https://t.co/Hot9JWiboR