Focus on Jackson Hole meeting
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Powell’s Jackson Hole speech could be make-or-break moment for the summer stock-market rally
Investors have all eyes fixed on the Federal Reserve’s annual economic symposium in Jackson Hole, Wyo., as the Fed charts the future direction of the monetary policy in what could be a defining moment for the market’s summer story.
With his tenure ending, Fed Chair Jerome Powell faces market pressure and White House criticism in a pivotal Jackson Hole appearance.
Investors are bracing for volatility as Federal Reserve Chair Jerome Powell walks a fine line between curbing inflation and supporting the labor market, with thin August trading poised to magnify any market moves from his Jackson Hole speech on Friday.
Federal Reserve chair is under bombardment from Donald Trump and battling an insurgency within the central bank
U.S. stocks closed lower Thursday, with the S&P 500 index logging a fifth straight daily loss, as technology stocks slumped and investors waited to hear from Federal Reserve Chair Jerome Powell on Friday.