Fed Chair Powell Keeps Sep. Rate Cut On Table
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The Fed chair delivered a “virtuoso performance” with his Jackson Hole speech, says State Street’s Michael Arone
Fed Chair Powell sparked a big rally as he signaled the central bank could cut rates in September in his remarks at the Jackson Hole policy symposium.
Federal Reserve Chair Jerome Powell is set to speak Friday in Jackson Hole, Wyoming, at a Fed research conference. As always, traders will be listening for hints about what might happen with interest rates at next month’s Fed meeting. That’s as a weakening labor market sets the backdrop.