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Analyst: Powell Speech to Focus on Labor Market and Policy Path

2 hours ago

August 20th: Mabrouk Chetouane, the Global Market Strategist at La Française Investment Solutions, stated in a report that during the Jackson Hole symposium, Federal Reserve Chairman Powell's speech may center around the labor market and its influence on monetary policy. This year's symposium theme is "The Labor Market in Transition: Population Structure, Productivity, and Macroeconomic Policy." The main focus of the meeting will be on Powell's remarks regarding the monetary policy trajectory for the rest of the year. Despite a certain rebound in inflationary pressures, Powell may need to clarify why the policy emphasis is shifting towards the employment target while giving inflation a secondary position. (FX678) Federal Reserve Chairman Powell is scheduled to deliver a crucial speech at the Jackson Hole symposium this Friday night in Beijing time. Meanwhile, the latest inflation data, which is higher than expected, has led some traders to lower their rate cut expectations but they still maintain the view that a rate cut could occur next month.
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