Fed Chair Jerome Powell to give Jackson Hole speech
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Wall Street rallied on Friday morning after Federal Reserve Chair Jerome Powell's signaled a rate cut could be on the horizon.
Powell’s speech comes amid unprecedented pressure from the White House aimed at getting the central bank to lower borrowing costs.
The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment.
If inflation starts climbing again after a rate cut, “the Fed will have to reverse course — and in the worst case, start hiking again,” Slok said.
Brent Donnelly of Spectra Markets ran a sizeable survey of expectations for Fed Chair Jerome Powell's speech, and of the 473 responses, 51% expect a neutral-to-boring outcome and 43% see a hawkish tint.
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