Jackson Hole Symposium

An upcoming revision of official jobs data could affect the Fed's September decision on interest rates. New data to be released by the U.S. Bureau of Labor Statistics on Wednesday could have up to 1 million jobs disappearing from official payroll data, analysts say. The release will likely affect a...

Traders are anxiously awaiting the Federal Reserve’s annual Jackson Hole Symposium. This highly anticipated event could set the tone for the Fed’s future policy actions, especially as investors anticipate a rate cut at the upcoming September meeting. All eyes are on Fed Chair Jerome...

The S&P 500 and Nasdaq 100 extended their upward streak on Monday, both logging a robust eight consecutive sessions in positive territory as traders maintain optimism about the U.S. economic outlook and improving financial conditions ahead of the Federal Reserve’s anticipated rate-cut...

On Friday, Powell addressed the audience once more, this time delivering his remarks from Jackson Hole in Kansas City. During this event, Powell reaffirmed a couple of crucial points. Firstly, he restated his commitment to restoring inflation to the targeted 2%. Secondly, he indicated the...

By RoboForex Analytical Department The EUR/USD currency pair is entering the final week of August in a phase of consolidation around the 1.0810 level. This follows a speech by Jerome Powell, the Chair of the Federal Reserve, during the recent Jackson Hole Symposium in the US. Powell highlighted the...

U.S. stocks are exhibiting resilience amid mixed signals from Jackson Hole, with Federal Reserve Chair Jerome Powell reaffirming the Fed’s preparedness for further rate hikes if needed. Yet Powell’s remarks seem to lack unanimous support from the board, as Philadelphia Fed President...

Nvidia Corp. (NASDAQ:NVDA) shares showed muted reaction to its outstanding second-quarter results as investors chose to take the cautious route ahead of Federal Reserve Chair Jerome Powell's Jackson Hole speech scheduled for Friday. Nvidia ended the session up merely 0.10% at $471.63, according to...

U.S. equities are experiencing one of their most challenging sessions of the year Thursday, with all major indices showing losses in early afternoon trading. This cautious sentiment among investors is due to the upcoming Jackson Hole Symposium beginning later today. Despite Nvidia Corp.’s (...

Susan M. Collins, the President and CEO of the Federal Reserve Bank of Boston, acknowledged a “promising sign on inflation.” In an interview with Yahoo Finance, Collins shared her insights on the current state of inflation, the path forward for interest rates, and the challenges in the...

Stocks were rallying during midday trading, driven by the tech sector’s advances as investors eagerly await the quarterly earnings report from Nvidia Corp. (NASDAQ:NVDA), scheduled to be unveiled after the market close. A backdrop of lower-than-anticipated Purchasing Managers’ Index (...

Renowned economist Claudia Sahm recently shared her insights on the upcoming Jackson Hole symposium, emphasizing the significance of the neutral rate of interest and its implications for the Federal Reserve’s monetary policy. What Happened: Sahm, in a series of tweets, delved into the...

The stock market momentum seen for much of the year has stalled and one catalyst that could reignite the rally is the news out of the three-day Jackson Hole Symposium that kicks off on Thursday. Noted economist Mohamed El-Erian shared three approaches Federal Reserve Chair Jerome Powell could take...

On Monday, U.S. stocks made a cautious attempt at bouncing back following three consecutive weeks of losses. The upward momentum seems uncertain, and the recent increases in Treasury yields are posing challenges for the market bulls. The 10-year Treasury yield reached 4.35%, reaching its highest...

Binance Coin (CRYPTO: BNB) was trading more than 3.75% higher at one point during Thursday’s 24-hour trading session, in tandem with Bitcoin (CRYPTO: BTC), which temporarily jumped 2% alongside a slight increase on the S&P 500. Ethereum Classic (CRYPTO: ETC) and Shiba Inu (CRYPTO:...

U.S. Federal Reserve Chair Jerome Powell will be center stage on Friday at the Jackson Hole Symposium, an annual economic summit that takes place in Jackson Hole, Wyoming. Investors will be listening closely for clues as to whether the Fed will continue to hike interest rates aggressively when it...