Fed-A-Palooza (Jackson Hole Economic Policy Symposium) is finally here, and it comes with a multitude of headlines. The important future headline will be Jerome Powell’s speech tomorrow at 10am EST. The constant pressure to lower rates amid a higher inflation environment has been ramped up, especially after the July Nonfarm payrolls missed and previous readings revised lower. Most traders expect Powell to remain hawkish in his tone while keeping a September rate cut option open. A fine line ind…
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