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...
On August 15th, according to the Federal Reserve's schedule, Federal Reserve Chairperson Powell will deliver a speech on the economic outlook and the evaluation of the Federal Reserve's policy framework at the Kansas City Fed's annual central bank meeting in Jackson Hole, Wyoming at 10:00 US Eastern Time (10:00 pm Beijing time) on August 22. The speech comes at a critical time: the latest data show that tariff measures have had some impact on inflation, and the job market is slowing. This comple...
According to the Federal Reserve's schedule, Federal Reserve Chairperson Powell will give a speech on the economic outlook and the assessment of the Federal Reserve's policy framework at the Kansas City Fed's annual central bank meeting in Jackson Hole, Wyoming, on August 22 at 10:00 US time (10:00 pm Beijing time). The speech comes at a critical time: the latest data show that tariff measures have had some impact on inflation, and the labor market is slowing. This complex situation reinforces t...