Tom Essaye: Powell’s Jackson Hole Speech Could Sway Markets
Investors eye rate-cut signals ahead of Fed meeting and retail earnings
Market-Moving Events Await Including Fed’s Jackson Hole Meeting and Retail Earnings
Tom Essaye, founder of Sevens Report Research, said Monday that Jerome Powell’s upcoming remarks at Jackson Hole could have significant market impact.
“Powell could pave the road for a 25 basis point cut in September, he could push back on those expectations, or he could simply not discuss policy much at all,” Essaye noted.
He added that markets would welcome any hint of a cut, while firm resistance from Powell would likely weigh on stocks.
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