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“Powell’s speech indicates that the Fed will heavily depend on near-term data for upcoming rates decisions,” Michael Feroli, Chief U.S. Economist at JP Morgan, wrote in a note Wednesday morning.
Ahead of Powell's speech, investors had priced in nearly 100% odds the Fed would lower rates next month, with odds on a cut of 0.25% vs. 0.50% standing at roughly two to one.
“The time has come for policy to adjust,” Fed Chair Jerome Powell said in prepared remarks for his keynote speech at an annual gathering of central bankers and economists in Jackson Hole ...
At a speech during the Fed's annual August summit in Jackson Hole, Wyoming, Powell said "the time has come for policy to adjust." ... Powell said "the time has come for policy to adjust ...
US stocks tested record highs as Fed chairman Jerome Powell delivered his speech at Jackson Hole. Powell said the downside risks to the jobs market outweigh inflation risks. "The time has come for ...
One question left unanswered by Powell's speech was the potential size of a September rate cut. At the moment, about 3 in 4 economists polled by financial services firm FactSet are forecasting a ...
Federal Reserve Chair Jerome Powell held a briefing Wednesday afternoon as the central bank was set to cut interest rates for a third time. The Fed first cut rates by half a point in September and ...
Federal Reserve Chair Jerome Powell gave the all clear for interest rate cuts to begin as hiring and job gains slow down. “The time has come for policy to adjust,” Powell said in a Friday ...