All Eyes on Powell in Jackson Hole
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The Fed’s annual forum at Jackson Hole has long been a must-watch event for Wall Street, but this year’s meeting brings extra scrutiny.
11hon MSN
World shares are mixed as traders await cues on U.S. monetary policy from Jackson Hole meeting
World shares are mixed after Wall Street fell to a fifth straight loss, and as traders look for cues about U.S. monetary policy from a meeting of central bankers in Jackson Hole, Wyoming
Gold was little changed on Thursday as investors awaited cues on the Federal Reserve's policy outlook ahead of the annual economic symposium at Jackson Hole, Wyoming, which starts later in the day. Spot gold was down 0.
According to Bloomberg Economics, "Federal Reserve Chair Jerome Powell has the opportunity to settle the speculation with his speech at the annual Jackson Hole Symposium", but economists Anna Wong, Stuart Paul, Eliza Winger, Estelle Ou and Chris G. Collins think he won't be as frank this year.