Fed Chair Powell has used Jackson Hole to signal what's next
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He highlighted that while the labor market remains strong and the economy continues to demonstrate 'resilience,' downside risks are building.
United States Federal Reserve Chair Jerome Powell on Friday (Aug 22) pointed to a possible rate cut at the central bank's September meeting but stopped short of committing to cutting interest rates in
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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
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.
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.