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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.
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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".
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HYGWE : should we worry a lower cpi could signal economic slowdown tho not yet recession but would need more action from over cautious and behind the curve FED ... too little too late FED to rescue from recession
Ultratech HYGWE : what is worrying is this one of those emotions again. they've been talking about a recession since covid.
Moomoo Research OP HYGWE : What you said is very reasonable. If there is a recession, the investment opportunities of many investment types will decline, and bonds will be a good choice.