Analyst: Powell Speech to Focus on Labor Market and Policy Path
BlockBeats News, August 20th: Mabrouk Chetouane, Global Market Strategist at La Française Investment Solutions, stated in a report that Federal Reserve Chairman Powell's speech at the Jackson Hole symposium may focus on the labor market and its impact on monetary policy. This year's symposium theme is "The Labor Market in Transition: Population Structure, Productivity, and Macroeconomic Policy." The focus of the meeting will be Powell's comments on the monetary policy path for the remainder of the year. Despite some rebound in inflationary pressures, Powell may need to explain why the policy emphasis is shifting toward the employment target while placing inflation in a secondary position. (FX678)
Federal Reserve Chairman Powell is set to deliver a key speech at the Jackson Hole symposium this Friday night Beijing time. Meanwhile, the latest higher-than-expected inflation data has led some traders to lower their rate cut expectations but still maintain the view that a rate cut could happen next month.
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