On the eve of the Jackson Hole meeting, Federal Reserve officials are sounding dovish, expressing strong support for an early rate cut.
Officials still emphasize the health of the US labor market and economy, but advocate for gradually starting to reduce interest rates as soon as possible.
US Securities Held Outright by Fed Decline Sharply as of Aug. 21 Compared With Previous Week
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The key clues to the Fed's end of balance sheet reduction need to be found in tonight's Fed minutes?
As the discussion on when the Federal Reserve will end its current quantitative tightening (QT) policy continues to heat up on Wall Street, market strategists are hoping to gain more guidance from the Fed minutes to be released tonight; While most market observers currently predict that the Fed will completely end its balance sheet reduction at some point towards the end of this year, the specific timing has yet to be determined.
"Jackson Hole" is a blessing for the stock market? Illustration: over the years, the U.S. stock market has risen more than fallen before and after this event.
One of the main focuses of the global financial market this week is the upcoming Jackson Hole Global Central Bank Annual Meeting, which will kick off on Thursday. According to DataTrek Research, the good news is that historically, the US stock market has risen more than fallen before and after this annual economic policy seminar hosted by the Federal Reserve.
Why It's Time to Consider Taking Some Profits on Bonds Now
What will Powell, Jackson, and Hull say at the annual meeting? Traders focus on interest rate cuts, and this Friday may cause a huge earthquake in the US stock market.
Wall Street insiders believe that Powell may not give a clear signal on interest rate cuts, and the key to maintaining market sentiment is not Powell's words, but his tone. The options market pricing expects that the rise or fall of the S&P on Friday will exceed 1%.
Treasury Yields Mixed In Cautious Trade Ahead Of Fed Speech -- Market Talk
What directions are specified in Buffett's and well-known funds' form 13f?
The latest inflation data in the USA has reduced market concerns about the recession of the USA's economy, and investors are re-entering the stock market. However, there are signs that a larger correction is imminent.
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.
What to Expect in the Week Ahead (TGT and Palo Alto Earnings; FOMC Minutes and Powell's Jackson Hole Speech)
Jackson Hole Roadmap: Understand "The Most Important Meeting Next Week" in One Article
Chairman Powell of the Federal Reserve and Governor Bailey of the Bank of England will give speeches one after another. The media will also interview officials of all sizes about policy prospects. Goldman Sachs believes that Powell will send signals of "rate cut confidence" and "data dependence".
Senior officials from the Federal Reserve are sounding the alarm for impending recession: warning signals for the economy and employment are flashing!
Next year, Piotr Gulczyński, the chairman of the Polish National Bank, stated that there is a risk of continuously rising unemployment rates. The Federal Reserve may need to cut interest rates before the job market weakens further, otherwise it may act too late and jeopardize the economy.
Fed rate cut is imminent! Wells Fargo & Co: the US stock market will usher in a bull market comparable to 1995.
Paul Christopher, global investment strategist of Wells Fargo & Co, said that the US stock market is about to see an unprecedented rise in 30 years; the current market has similarities with the market in 1995, when the stock market was booming and the S&P 500 index hit 77 historical highs; investors may currently face an environment similar to that of 1995-inflation is declining, and the economy has not collapsed.
JPMorgan CEO Damian: Using the 'Buffett Rule' to combat the rich may be a solution to the US debt problem.
Damon believes that to reduce the financial burden, we can follow the Buffett rule and levy more taxes on the wealthy, that is, families with annual incomes exceeding 1 million US dollars should pay no less tax than middle-class families.
Unexpectedly strong July retail sales data helping to push up US bond yields.
The unexpectedly strong July retail sales data released on Thursday eased concerns over the US economic downturn and led to the largest single-day increase in the two-year US Treasury bond yield in four months.
Initial jobless claims drop to the lowest level since July! The expectation of a recession in the USA has eased, and a 'soft landing' is on the table.
The number of initial unemployment claims in the United States has been declining for two consecutive weeks, and the latest initial unemployment claims have dropped to the lowest level since early July.
Express News | US July Retail Sales MoM +1.0% Vs +0.3% Forecast, Prior -0.2%
US CPI is finally below 3% for the first time in three years. It's time to worry about other things.
Risks of housing inflation remain, signs of soaring oil prices may bring huge impact, and Fumio Kishida's withdrawal from the election exacerbates economic uncertainty.