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US Morning News Call | Stock Futures Rise With All Eyes on Powell's Key Jackson Hole Speech
Tonight, the global market is holding its breath waiting for Powell!
Given Powell's character, he is likely to remain tight-lipped about the timing of interest rate cuts, and even less likely to reveal how much the interest rates may drop. Nevertheless, his remarks on the labor market could signal an important rate cut.
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Powell's heavyweight speech is coming tonight! Goldman Sachs: The market is looking forward to these surprises.
① On the evening of August 23, Peking time, Federal Reserve Chairman Powell will deliver a keynote speech at the Jackson Hole Symposium. ② According to Goldman Sachs, compared to the scare Powell brought to the market two years ago, this time Powell is more likely to bring a surprise to the market.
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