Fed Chairman, Jerome Powell will speak at the end of this week at the Jackson Hole Symposium. In his speech last year he warned that higher interest rates would “bring some pain to households and businesses”. This year investors will be hoping for clues that the Fed will be taking their foot off the accelerator even if we have to accept the idea of current higher rates for longer.
Full report:
https://realmim.com/stocks-lower-last-week-investors-look-ahead-to-jackson-hole/
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