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Market Insights: Powell's Influence on Housing and Financial ...
2024-08-18 09:00:08
Markets
Economy
Finance

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.

Related news on that topic:

Market Recap: Stocks Rally in Best Week of 2024 Amid Positive ... Rate Cut

Stocks surged in the best week of 2024, rebounding from the early August sell-off. Positive Walmart earnings, retail sales, and consumer sentiment allayed recession concerns, prompting a 2% rally on Thursday. Investors now anticipate a 0.25% Fed rate cut, with Fed Chair Powell set to address the situation at Jackson Hole. Analysts predict a soft landing for the US economy, with recent data supporting this view and pointing towards future rate cuts. Retail earnings, the upcoming Powell speech, and economic indicators remain in focus as the market maintains optimism amidst uncertainties.

US stock market: Largest weekly gain of the year, recession ... concerns ease

The US stock market closed higher, with the largest weekly gain of the year, as concerns about a US recession have eased. Investor focus is on the annual economic symposium in Jackson Hole, Wyoming from August 22-24. The S&P 500 and Nasdaq Composite have risen for 7 consecutive trading days, recording their largest weekly gain since late October last year. Positive economic data, such as the US consumer price index (CPI) and retail sales, have contributed to the rally, indicating a gradual decline in inflation and healthy personal consumption. The Federal Reserve's commitment to cutting rates in September has also boosted confidence. Next week, the market will be watching for comments by Fed Chair Powell at the Jackson Hole meeting, which could impact expectations for rate cuts. In individual stocks, semiconductor equipment maker Applied Materials fell as its Q4 revenue outlook missed estimates.

Read 35 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,..
The Guardian
18. August 2024 um 07:00

High stakes at Jackson Hole symposium as Powell surveys US’s rocky prospects

Economy
Politics
Finance
The Jackson Hole symposium, a high-level gathering of central bankers held in the remote Grand Teton national park, will feature a speech by Federal Reserve chair Jerome Powell on the US economy's prospects. With the US economy showing signs of cooling, the speech will be closely watched by presidential candidates Kamala Harris and Donald Trump, as the Fed's policy decisions could impact the 2024 election. Powell is expected to signal upcoming interest rate cuts to stimulate the economy, though..
Yahoo!
18. August 2024 um 07:00

High stakes at Jackson Hole symposium as Powell surveys US’s rocky prospects

Economy
Finance
Politics
The Jackson Hole symposium, a high-level gathering of central bankers, will feature a speech by Federal Reserve chair Jerome Powell. Powell is expected to outline the Fed's plans for US interest rates, which will be closely watched by financial markets and political rivals Kamala Harris and Donald Trump ahead of the 2024 presidential election. The US economy has faced concerns about a potential recession, leading to a stocks sell-off earlier this month, though markets have since bounced back.
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