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Fed Chair Powell's Speech at Jackson Hole Crucial for Stock ...
2024-08-18 23:55:08
Stocks
Economy

Fed Chair Powell's Speech at Jackson Hole Crucial for Stock Market Rally

Traders eagerly await Fed Chair Powell's speech at Jackson Hole, hoping for signals of upcoming interest rate cuts. With markets confident but cautious, Powell's remarks on the timing and size of cuts are crucial.

Investors focus on the Fed's rate path, September meeting, and 2024 policy-setting meetings. The goal is to engineer a soft landing as inflation nears the 2% target.

Wall Street anticipates a dovish pivot to support the stock market rally amidst a $3.3 trillion S&P 500 rebound and $5.5 billion influx into US equities. Powell's speech could shape market sentiment and determine the direction of future trading.

Related news on that topic:

Fed Chair Powell's Focus at Jackson Hole Symposium

As the Jackson Hole symposium nears, all eyes are on Fed Chair Powell for insights on economic trends and potential rate adjustments. Market attention shifts from Powell to the Japanese yen and carry trade dynamics, influenced by interest rate differentials and market volatility. Key data from the US, Canada, Asia, and Europe will impact market sentiments. Earnings reports from major companies and IPOs from Powell Max and Trident Digital Tech add to the market buzz. Investors eagerly seek clues on Federal Reserve rate cuts and monitor developments in retail earnings and economic indicators for market direction amidst uncertainties.

Market Insights: Powell's Influence on Housing and Financial ... Markets

Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole Symposium holds significant weight for financial markets and housing. Investors anticipate clues on future interest rate cuts, with declining bond yields and mortgage rates prompting a surge in refinancing applications. As cybersecurity concerns rise, Palo Alto Networks' earnings report gains attention. Meanwhile, cautious consumer spending noted by retailers like Home Depot and Starbucks reflects economic uncertainty. Powell's address, amid concerns of a looming recession, is closely monitored by politicians and analysts alike, with expectations of potential rate adjustments to stimulate the US economy. The recent market rebound, buoyed by soft landing bets, also signals a positive outlook for stocks and economic growth.

Read 40 more recent news on this topic

The press radar on this topic:

The Street
20. August 2024 um 10:03

Stock Market Today: Stocks amid best week of 2024 on soft landing bets TheStreet Daily Newsletter

Finance
Economy
Stocks rise on soft landing bets; Federal Reserve aims for 25 bps September rate cut; Atlanta Fed forecasts 2.4% Q3 growth; 10-year Treasury yield at 3.884%; U.S. dollar index down 0.16%; S&P 500 up 0.38% in August; Dow and Nasdaq also higher; Stoxx 600 up 0.46%, FTSE 100 down 0.42%; Nikkei 225 surges 3.64%, MSCI ex-Japan up 1.79%; TheStreet Daily Newsletter reports, Wall Street Analysts weigh in.
The Street
20. August 2024 um 23:05

Markets, housing — and you — should listen closely to Jerry Powell TheStreet Daily Newsletter

Finance
Economy
Financial markets rebounded after a major drop on August 5, with the Fed taking little action. Investors await Fed Chair Powell's speech at the Jackson Hole Symposium, which may provide hints about future interest rate cuts. Bond yields and mortgage rates have been declining, and refinancing applications have jumped. Cybersecurity firm Palo Alto Networks is expected to report earnings, with CEO Nikesh Arora highlighting the speed of cyber attacks. Retailers like Home Depot, Starbucks, Lowe's,..
Yahoo!
18. August 2024 um 16:00

Traders Need Fed Go Sign in Jackson Hole to Keep Stocks Rallying

Finance
Economy
Wall Street expects Fed Chair Powell to signal upcoming interest rate cuts at Jackson Hole, but he may remain cautious. Markets are confident in rate cuts, but Powell could disappoint by not revealing the timing or size of cuts. Traders are focused on the Fed's rate path, September meeting, future policy-setting meetings in 2024, the Fed's goal of engineering a soft landing as inflation retreats towards the 2% target, the S&P 500's $3.3 trillion rebound, investors plowing $5.5 billion into US..
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