#JacksonHoleEconomicSymposium#
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After an extremely busy few months, the world’s central bankers may have fancied a relaxing trip to the Teton mountain range in the US state of Wyoming. Yet it’s not to be. The coronavirus pandemic has forced this year’s Jackson Hole economic policy symposium to be held online on 27 and 28 August.
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🚨Powell to communicate that Fed is open to 50 bp rate cuts: Evercore 📈
Federal Reserve Chair Jerome Powell is expected to outline a flexible approach to rate cuts during his upcoming speech at the Jackson Hole Economic Symposium. Analysts from Evercore ISI believe Powell will emphasize the Fed's readiness to implement rate cuts, possibly starting in September, if econo
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🚨Stock Market Today: S&P 500 snaps 8-day win streak as energy stocks slide 📊
The S&P 500 ended its eight-day winning streak, driven by declines in energy stocks and cautious trading ahead of the Jackson Hole Symposium, where central bank leaders will discuss monetary policy. The Dow Jones dropped 61 points (0.2%), the S&P 500 also fell by 0.2%, and the NASDAQ slipped
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