Jackson Hole, Jerome Powell
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Get insights on the 2023 Fed Symposium in Jackson Hole. Explore market expectations, Powell's agenda, and potential rate cuts' impact on the economy.
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.
The Nasdaq and S&P 500 slid on Tuesday driven by tech stocks, as investors gear up for what Federal Reserve chair Jerome Powell will say about the path of interest rates at a key conference later in the week.
Investors continue to price in a 0.25% cut from the Federal Reserve next month, although they have lowered their expectations about that.
U.S. stock-market futures rose slightly Sunday, after Friday’s summit between U.S. and Russian leaders ended without a major breakthrough and as investors await this week’s Fed gathering in Jackson Hole,
Gold prices rose on Tuesday, buoyed by lower treasury yields and a weaker dollar amid prospects of lower U.S. interest rates, while investors looked ahead to the Federal Reserve chair's speech at Jackson Hole later this week.