Reported about 2 months ago
In the wake of significant market fluctuations, Federal Reserve Chair Jerome Powell's upcoming address at the Jackson Hole Symposium is highly anticipated as it may provide insights into potential interest rate cuts. After a turbulent week marked by a sharp drop in stock prices, markets rebounded without Fed intervention, with major indexes posting notable gains. As housing market reports are set to be released, analysts are particularly focused on Powell's remarks regarding inflation and the economic outlook.
Source: YAHOO