The bond market appears more prepared for Federal Reserve Chair Jerome Powell to potentially signal on Friday at the annual Jackson Hole Economic Policy Symposium in Wyo. that he may not be in a rush to cut interest rates next month,

Here's how various financial markets are responding to the Jackson Hole speech by Federal Reserve Chair Jerome Powell:

If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking again,” Slok said.

Brent Donnelly of Spectra Markets ran a sizeable survey of expectations for Fed Chair Jerome Powell's speech, and of the 473 responses, 51% expect a neutral-to-boring outcome and 43% see a hawkish tint.