Wall Street on Edge: Powell’s Jackson Hole Speech Looms Amid Rate Cut Uncertainty
Wall Street on Edge: Powell’s Jackson Hole Speech Looms Amid Rate Cut Uncertainty All eyes are on Federal Reserve Chairman Jerome Powell as he prepares to deliver his highly anticipated speech this Friday at the annual Jackson Hole central bank conference in Wyoming. Market participants are keenly awaiting any signals regarding the future trajectory of U.S. monetary policy, particularly the widely expected resumption of interest rate cuts. Wall Street has largely priced in a September rate cut, following months of…