Category: Jackson
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Powell’s Path: Rate cuts and economic outlook after Jackson Hole Summit
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The Jackson Hole Summit concluded, highlighting Fed Chair Powell’s speech on Friday, in which he explicitly laid out the path for a September rate cut. The cut would be the first policy change since July 2023, when the Fed raised rates by 25 basis points to a high target of…
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Powell at Jackson Hole: The time has come for policy to adjust
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We neither seek nor welcome further easing of the labor market. We will do our utmost to support a strong labor market while making further progress toward price stability. This is undoubtedly peaceful. I have increased my confidence that inflation is on a sustainable path back to 2%. Upside risks…
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Powell at Jackson Hole: The time has come for policy to adjust
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We neither seek nor welcome further easing of the labor market. We will do our utmost to support a strong labor market while making further progress toward price stability. This is undoubtedly peaceful. I have increased my confidence that inflation is on a sustainable path back to 2%. Upside risks…
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Futures firm as Powell set to take center stage at Jackson Hole
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(Reuters) – U.S. stock index futures were slightly higher on Friday as investors awaited comments from Federal Reserve Chairman Jerome Powell at the Jackson Hole Economic Symposium for clues on interest rate cuts in the world’s largest economy. While minutes from the Fed’s July meeting this week showed that a…
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Dollar edges lower ahead of Jackson Hole; euro, sterling higher By Investing.com
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The US dollar fell in early European trading on Friday, as the recovery from seven-month lows faltered ahead of Federal Reserve Chairman Jerome Powell’s much-anticipated speech at the Jackson Hole Symposium. At 04:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Nasdaq falls 1%, S&P drops as markets await Powell’s rate signals at Jackson Hole
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Major U.S. stock indexes fell on Thursday, with losses deepening ahead of Federal Reserve Chairman Jerome Powell’s speech on monetary policy at the central bank’s Jackson Hole Economic Symposium. Nasdaq Composite Index (Compound: Indian) -1.2%Standard & Poor’s 500 Index (SP500)) He was -0.7%and the Dow Jones Industrial Average (DJI) -0.6%with…
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Powell has spoken at Jackson Hole for six straight years. Here is how the market reacted
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Amnesty International Image Fed Chair Powell’s annual remarks at Jackson Hole have become must-watch events for traders, often leading to big market moves. Goldman Sachs provides a quick recap of the past six years and how they have impacted the front end of the bond market (the dollar generally follows…
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Will the Jackson Hole event be bearish for stocks?
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I’ve seen a lot of posts about the stock market’s reaction to Powell’s last two speeches at the Jackson Hole Symposium. While it’s true that the market didn’t do well in the following two months, the context today is quite different. In 2022, there’s no need to say why things…
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Will the Jackson Hole event be bearish for stocks?
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I’ve seen a lot of posts about the stock market’s reaction to Powell’s last two speeches at the Jackson Hole Symposium. While it’s true that the market didn’t do well in the following two months, the context today is quite different. In 2022, there’s no need to say why things…
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Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Christopher Rugaber Published on August 20, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (AP) — Federal Reserve officials say they’re…
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Wall St ends higher, extending rally ahead of Jackson Hole By Reuters
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By Steven Kolb NEW YORK (Reuters) – U.S. stocks rose on Monday, posting their biggest weekly percentage gain this year as investors focused on the Democratic National Convention and the upcoming Jackson Hole Economic Symposium. The tech-heavy Nasdaq led all three major U.S. stock indexes to a higher close, helped…
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Fed Chair Powell’s Jackson Hole speech just got a lot less predictable
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Since 1981, Federal Reserve bankers, business leaders, prominent academics, and government officials have gathered each August for a three-day symposium in Jackson Hole, Wyoming, to discuss critical issues facing the global economy and financial markets—while also getting in some fishing and horseback riding. Federal Reserve Chairman Jerome Powell’s annual speech…
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US stocks edge higher; cautious trading ahead of Jackson Hole, Fed minutes By Investing.com
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U.S. stocks rose on Monday, steadying after last week’s strong gains, as investors awaited minutes from the Federal Reserve’s latest policy meeting, as well as the central bank’s Jackson Hole symposium, for clues on future monetary policy. By 09:35 ET (13:35 GMT), the index was up about 90 points, or…
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Dollar hits 7-month low, yen gains as traders wait on Jackson Hole By Reuters
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By Karen Brittl NEW YORK (Reuters) – The dollar fell to a seven-month low and the Japanese yen hit its highest in more than a week as traders awaited comments from Federal Reserve Chairman Jerome Powell this week that are likely to signal the U.S. central bank will start cutting…
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US futures steady as countdown to Jackson Hole begins
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U.S. stocks were broadly flat on Monday after posting their best week in a year, as investors counted down to Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole that could reset interest rate cut expectations. S&P 500 futures (ES=F) were flat but still near record highs, while Dow Jones…
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Yuan up as dollar wobbles ahead of Jackson Hole By Reuters
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SINGAPORE (Reuters) – China’s yuan was on track for its biggest gain in two weeks on Monday, benefiting from a broad sell-off in the dollar as investors bet on a U.S. interest rate cut, but it weakened against the strong yen. The Chinese currency rose to 7.1314 yuan per dollar…
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Shares in Asia Advance With Jackson Hole in Focus: Markets Wrap
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(Bloomberg) — Asian stocks rose Monday, as traders looked ahead to the Federal Reserve’s annual meeting in Jackson Hole for any clues about the future path of interest rates. Most Read from Bloomberg A regional stock index rose, extending Friday’s gains. Chinese stock markets rose, led by technology shares. Japanese…
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Newsquawk Week Ahead: Jackson Hole, Fed and ECB Minutes, Canada and Japan CPI, Flash PMI
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19th-23rd August 2024: Mon: US Democratic National Convention (Aug 19-22), Bank of Indonesia Announcement, New Zealand Trade Balance (Jul) Tue: US Democratic National Convention (Aug 19-22), PBoC LPR, RBA Minutes, Riksbank Announcement, CBRT Announcement, EZ Final CPI (Jul), Canadian CPI (Jul) Wed: US Democratic National Convention (Aug 19-22), FOMC Minutes,…
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Dollar hands back some gains; Jackson Hole looms large By Investing.com
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Investing.com – The U.S. dollar fell on Friday, giving up some of the previous session’s big gains after strong retail sales data eased concerns about an impending recession in the United States. At 05:15 ET (09:15 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Bank of America on Powell speaking at Jackson Hole – to keep aggressive easing option open
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Federal Reserve Chair Jerome Powell will speak during his usual time slot in Jackson Hole, Friday morning of the event at 10 a.m.: Fed Chair Powell to Speak at 10 a.m. ET on August 23 Bank of America says Powell’s speech is unlikely to have much impact on the U.S.…