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Before the annual meeting of the central bank, the Federal Reserve's voting committee hinted that inflation had been controlled and supported gradual interest rate cuts.
Mary Daly has the voting right for the September FOMC meeting, and she called for a "prudent" approach. "Gradualism is not weak, slow, or backward, it is just cautious. Although the labor market has slowed down, it is not weak."
The annual global central bank feast! This week, all attention will be focused on this 'USA town'.
For Wall Street, besides the regular eight Federal Reserve meetings every year, perhaps the most notable on the macro monetary policy level is the annual Jackson Hole Global Central Bank Conference hosted by the Kansas Fed; This year's conference will be held on August 22-24 Eastern Time.
The US stock market may be experiencing a difficult period, but the "long bull trend" remains unchanged.
Fidelity Investments' global macro research director stated that the US stock market is facing a seasonal difficult period, which is part of the larger narrative of the longer duration of cyclical bull markets.
Fed's Daly: It's Time to Consider Adjusting Borrowing Costs
Why Apple Is Plowing Billions Of Dollars Into A Project That Won't Have A Payoff Near Term: Gurman Weighs In
Jackson Hole, Fed Minutes and PMI