Jerome Powell, Jackson Hole
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Wall Street will be listening closely to Federal Reserve Chair Jerome Powell's speech Friday at the Jackson Hole economic policy summit, where he could signal whether the central bank is ready to cut borrowing costs at its next meeting in September.
Phil Orlando, Chief Equity Market Strategist at Federated Hermes, joins Worldwide Exchange to discuss Fed policy, market risks, and why small caps could outperform as rates trend lower.
Treasury yields moved slightly lower on Tuesday, with the benchmark 10-year rate just below its 100-day moving average amid low volumes and limited conviction behind summertime trading. The 10-year yield was near 4.
Bond traders’ big bet that the Federal Reserve is poised to lower interest rates faces a key moment this week as Chair Jerome Powell gets a chance to weigh in on the economy.
Powell, 70, has offloaded a "sporting retreat" in Bullock, NC, two years after she pled guilty for attempting to overturn the 2020 election.
The TV-style approach could present the White House with an excuse to meet with some current Fed officials who don’t support lowering rates.
Of the three players listed, Powell's acquisition has hallmarks of the Johnson deal. With his contract understood to be until the end of the season, this is the 31-year-old's chance to revitalise his career.
What happens when a white-hot movie star and a champion quarterback team up for a risky football comedy with heart? Chad Powers happens. (Just don’t call it Hulu’s ‘Ted Lasso’!)
Sleepy August trading action on Monday morning saw stocks going nowhere fast but belies anticipation surrounding Federal Reserve Chair Jerome Powell's Friday speech at the annual monetary policy symposium in Jackson Hole,