A warning from Jackson Hole

Inflation “remains too high,” Federal Reserve Chair Jerome Powell said at the Fed’s annual retreat in Jackson Hole. So is economic growth — at least for the economy to hit a 2% inflation reading, a target that Powell insisted the Fed will not budge on. Interest rates, therefore, might continue going up and remain restrictive for longer, Powell warned. $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$