Reported 6 months ago
Investors are eagerly awaiting the Federal Reserve's decision on a potential interest rate cut as early as September, with attention on the Personal Consumption Expenditures Price Index. Interactive Brokers Chief Strategist Steve Sosnick highlights that the market is primarily focused on hearing from Fed Chair Jerome Powell, who tends to skew dovish and provides a more tempered outlook compared to other Fed officials. This preference for Powell's communication style reflects the market's desire for clarity and direction from the "lead actor" rather than the "supporting cast" within the Fed.
Source: YAHOO