Are you ready for some insight into the latest news from the Federal Reserve Chair? We at Extreme Investor Network have the inside scoop on what to expect from Jerome Powell’s upcoming policy speech and how it could impact your investments.
The market has already made up its mind that the Fed will start cutting rates in September and continue to do so into 2025. The main question now is not if, but when and how fast these rate cuts will occur. Our experts predict that Powell will provide some guidance on the direction of these cuts in his upcoming speech at the annual conclave of global central bankers in Jackson Hole, Wyoming.
While the magnitude of the rate cuts is still up for debate, the consensus is that the Fed will likely make a quarter-point cut in September. However, there is a slim chance of a half-point cut, depending on economic data leading up to the meeting.
In previous years, Powell has used his Jackson Hole speeches to provide clues about future policy initiatives. This time around, he is expected to confirm the market’s expectations of rate cuts while addressing concerns about inflation and the labor market. Our experts believe that Powell’s tone will lean towards lower rates, given the current economic climate.
As the Fed prepares to ease monetary policy, markets are keeping a close eye on Powell’s speech for any hints of further rate cuts in 2024. Our team at Extreme Investor Network believes that Powell will aim to reassure investors and address any concerns about the direction of monetary policy.
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