Jerome Powell's Jackson Hole Speech
Digest more
Wall Street ended higher on Friday with the Dow closing at a record high after investors welcomed Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole.
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.
Enterprise software stocks, along with most of the market, jumped following Federal Reserve Chair Jerome Powell's speech on Friday morning in Jackson Hole, Wyo.