Powell Has Reason to Hedge Jackson Hole Signal
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Wall Street's main indexes were set for a muted open on Monday - in a quiet start to a week packed with corporate earnings reports from major retailers and the Federal Reserve's annual symposium in Jackson Hole.
The dollar was edging up as investors awaited the Federal Reserve's Jackson Hole economic symposium later this week. Fed Chair Jerome Powell will speak Friday at the event and the market will be looki
Powell and dozens of other economists and policymakers from the U.S. and abroad could have a run-in with bats as they meet in Jackson Hole next week for an annual symposium.
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Powell has used Jackson Hole to battle inflation and buoy jobs; he's now caught between both
By Howard Schneider WASHINGTON (Reuters) -Fed Chair Jerome Powell used the central bank's annual Wyoming research conference to promise inflation-fighting rigor when it was needed in 2022, then last year he came to the defense of the job market with promises of lower interest rates when the unemployment rate seemed on a steady rise.
Hot PPI data halts the silver rally as inflation fears rise. Fed rate cut hopes fade, with traders eyeing Jackson Hole for next clues.