One top watcher thinks the bottom line from the Jackson Hole summit is that the Fed is on hold for the next several meetings.
Federal Reserve Chair Jerome Powell set a high bar for additional interest-rate hikes, economists said Sunday in their commentary on all the talk at the U.S. central bank’s summer retreat in Jackson Hole, Wyo.
Ian Shepherdson, chief economist at Pantheon, said that Powell’s speech seemed hawkish to some, particularly because the Fed chair made threats to hike again.“Behind the caveats, Mr. Powell’s speech fundamentally was optimistic, though cautious,” Shepherdson said. The Monday following Jackson Hole has historically been an active one in the markets, across asset classes.Read: Market Snapshot on Powell’s stance
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed Chairman Jerome Powell Kept His Jackson Hole Speech Vague, and That’s No AccidentThe bottom line of the speech is that the Fed will move cautiously and the economy might not be cooling as much as previously thought.
Read more »
One image, one face, one American moment: The Donald Trump mug shotWhen the camera shutter blinked inside an Atlanta jail on Thursday, it both created and documented a tiny inflection point in American life.
Read more »
Powell Keeps It Vague at Jackson Hole, and that’s No AccidentThe bottom line of the speech is that the Fed will move cautiously and the economy might not be cooling as much as previously thought.
Read more »
No alarm bells or policy storm clouds billowing over Jackson HoleThe S&P 500 concludes its most promising week since July with a small gain. Meanwhile, the yield on 10-year Treasuries demonstrated a degree of stabil
Read more »
Anchor Kimberly Hunt one-on-one with Chula Vista native Mario LopezWe had a special visitor at the ABC 10News studios on Friday — San Diego County's own Mario Lopez spoke with Kimberly Hunt.
Read more »
Biloxi police confirm one dead, one seriously injured in overnight shootingOne person died at the scene while another was so seriously injured they had to be taken to a hospital out of state for care.
Read more »