Fed Chair Powell at Jackson Hole: 'Time has come for policy to adjust'
Powell: We don't seek or welcome further labor market cooling"The timing and pace of rate cuts will depend on incoming data," says PowellFed Chair Jerome Powell is set to deliver a highly anticipated speech at the annual Jackson Hole symposium in Wyoming's Grand Teton National Park this Friday.
In a note to clients this week, analysts at Barclays told investors that they believe"Fed speak at Jackson Hole will be key to fine-tune policy expectations." Meanwhile, Goldman Sachs expects the speech from Powell and his subsequent interviews to highlight data dependency and a cautious approach to rate cuts.
"While the academic part of the symposium has the potential to impact the long-run direction of policy, the side interviews should shed more light on immediate policy questions, analysts at the influential investment bank said.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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