Jerome Powell's Jackson Hole Speech
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The Federal Reserve Bank of Kansas City’s annual economic symposium in Jackson Hole, Wyoming is winding down. Here are some of the key takeaways from the conference:Powell SignalFed Chair Jerome Powell used his Friday speech to signal the US central bank is likely on track for an interest-rate cut in September,
1don 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
If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking again,” Slok said.
1don MSNOpinion
Retirees: The news from Jackson Hole is ominous for you
If you are retired, you probably need to live off the income from your investments, particularly bonds and certificates of deposit. So what you want are higher interest rates, low inflation and a strong, independent Federal Reserve that can keep inflation low in the future. On Friday, you went 0 for 3.
Wall Street ended higher on Friday with the Dow closing at a record high after investors welcomed Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole.