Trader warning: Fed Chair's Jackson Hole speech could trigger 83.6% probability rate cut
Key Points
- Jerome Powell has 48 hours to reassure markets ahead of a cr...
Jerome Powell has approximately 48 hours to either calm the markets or send traders scrambling for the exits. With an 83.6% probability baked into September rate cut expectations, the Fed Chair's Jackson Hole speech on Friday carries more weight than a SoftBank investment decision.
Asia Gets Cold Feet First
Asian markets opened Tuesday with all the enthusiasm of someone checking their portfolio after a meme stock recommendation. The MSCI index dropped 0.2%, while Japan's Nikkei took a harder hit thanks to SoftBank's latest Intel adventure. Apparently, even institutional investors need th...
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