Jerome Powell is scheduled to deliver the Federal Reserve chair's annual address at Jackson Hole, Wyoming next Friday morning.
A speech in a tiny Rocky Mountain resort town next week will give investors clarity on the interest rate outlook, at a time when stocks are mounting a recovery rally from this month's market storm. Federal Reserve Chair Jerome Powell will speak in Jackson Hole, Wyoming, population 10,698, next Friday morning , addressing an annual economic policy symposium just three weeks after a July Fed meeting bolstered investor confidence that a September rate cut is "on the table.
members want to be forward looking," Fundstrat's Tom Lee told CNBC's " Squawk on the Street " on Friday, referring to the central bank's policy-setting Federal Open Market Committee. .SPX 5D mountain S & P 500 over the past five days. To be sure, markets may have already more than priced in any dovish expectations. By the end of the year, markets are now signaling a significant drop in the key fed funds lending rate, by one full percentage point to 4.25%-4.
are also on deck. Week ahead calendar All times ET. 2024 Democratic National Convention Aug. 19-22 2024 Jackson Hole Economic Policy Symposium Aug. 22-24 Monday Aug. 19 10 a.m. Leading Indicators Earnings: Palo Alto Networks , Estee Lauder Tuesday Aug. 20 Earnings: Lowe's Wednesday Aug. 21 2 p.m. Minutes Earnings: TJX Companies , Analog Devices , Target , Raymond James Financial Thursday Aug. 22 8:30 a.m. Chicago Fed National Activity Index 8:30 a.m. Continuing Jobless Claims 8:30 a.m. Initial Claims 9:45 a.m. PMI Composite preliminary 9:45 a.m. Markit PMI Manufacturing preliminary 9:45 a.m. Markit PMI Services preliminary 10 a.m. Existing Home Sales 11 a.m. Kansas City Fed Manufacturing Index Earnings: Intuit , Ross Stores Friday Aug. 23 8:00 a.m Building Permits 10 a.m.
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