Reported about 2 months ago
In light of the upcoming Jackson Hole symposium, market analysts predict that Jerome Powell will adopt a cautious approach amid recent volatility and shifting expectations for interest rate cuts. Historically, Jackson Hole has not significantly influenced market movements, and strategists expect only minor fluctuations in bond and stock prices during the event. Recent trends indicate a consensus within the Federal Reserve regarding a possible rate cut in the near future, backing a strategy that aims to stabilize the financial landscape.
Source: YAHOO