August 19, 2024 at 03:08AM
Via Reuters a snippet from the Commonwealth Bank of Australia on Powell speaking at Jackson Hole:
“Markets will be laser focused to what Powell has to say at the end of this week, and on that, I think it will be a great opportunity for Powell to either endorse or push back market pricing,”
“I think he’ll at least greenlight a rate cut at the September meeting. If anything, I think he’ll try to retain optionality because we do have some more data before the next meeting.”
More:
On Friday Powell is likely to highlight inflation progress, allows focus on employment
Federal Reserve Chair Powell to speak at 10am US Eastern time on August 23
Bank of America on Powell speaking at Jackson Hole – to keep aggressive easing option open
Next week doesn’t start until Thursday
This article was written by Eamonn Sheridan at www.forexlive.com.
