Patrick Munnelly, market strategist at Tickmill Group, said in a note that the upcoming Jackson Hole symposium, which opens on Friday, is expected to be a pivotal moment for the market, when Federal Reserve Chairperson Jerome Powell will set out the Fed's short-term policy direction. However, he noted that, as usual, disagreements between Trump and Bessant could add to the noise. Munnelly said the noise could come from ongoing discussions around Fed appointments, potential legal challenges and c...
Patrick Munnelly, market strategist at Tickmill Group, said the upcoming Jackson Hole symposium, which opens on Friday, will be a pivotal moment for markets, when Federal Reserve Chairperson Jerome Powell will set out the Fed's short-term policy direction. However, the disagreement between Trump and Bessant is likely to add to the noise, which could come from ongoing discussions around Fed appointments, potential legal challenges, and changes to labor market reports. Munnelly added that the July...
The Associated Press said Trump won Indiana and Kentucky in the general election, and Harris won Vermont. The results were in line with widespread media predictions.
According to the New York Times, Trump will appoint Kennedy Jr. and Tulsi Gabbard as co-chairs of the transition team.