Fed Chair who holds 75% rate cut odds reveals his Jackson Hole strategy
Key Points
- Jerome Powell's Jackson Hole speech is critical as markets a...
Jerome Powell steps up to the podium today at Jackson Hole with more eyes on him than a day trader watching their meme stock position go parabolic. The Fed Chair's speech comes at a moment when markets are pricing in a 75% chance of a 25-basis-point rate cut in September, yet recent tariff-induced inflation pressures have Powell looking about as eager to cut rates as your broker is to lower their fees.
The Great Rate Cut Tango
Here's where things get interesting: while disappointing payroll data earlier this month had investors doing their happy dance about potential rate cuts, Powell's ...
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