Powell's Jackson Hole speech lacked surprises - no extra hawkish/dovish tones. /SYP_Protocol/status/1696426889190273455/photo/1.
29 Aug 2023, 07:37
Powell's Jackson Hole speech lacked surprises - no extra hawkish/dovish tones.
/SYP_Protocol/status/1696426889190273455/photo/1
Last week, #Powell's address at Jackson Hole had investors on their toes. Reiterating the #Federal's commitment to tackle inflation and stressing policy dependence on economic indicators, he played it safe, causing modest asset fluctuations without a clear trend. šš
This Friday, all eyes are on US August employment data. As long as the numbers stick close to forecasts, the impact on assets might be limited.
š Despite recent DXY-induced ripples across markets, the certainty of the Fed's gradual winding down of interest rate hikes tempers any major shocks.
Patience remains key, and a positive outlook is advised. #DYOR šš¼