Next Week's Macroeconomic Outlook: Powell to 'Battle' Market Rate Cut Expectations
Last week, U.S. economic data was mixed, leading to ongoing fluctuations in market expectations for Federal Reserve rate cuts. Data released on Friday showed that consumer confidence unexpectedly declined for the first time since April, and inflation expectations rose.
Investors will turn their attention next week to the annual policy symposium held by Federal Reserve policymakers in Jackson Hole, Wyoming, looking for clues about the path of rate cuts. Here are the key points the market will focus on in the coming week:
Wednesday 23:00, Federal Reserve Governor Waller speaks at a blockchain seminar in Wyoming.
Thursday 2:00, the Federal Reserve releases the minutes of its monetary policy meeting.
Thursday 3:00, 2027 FOMC voting member and Atlanta Fed President Bostic speaks on the economic outlook.
Thursday 20:30, initial jobless claims in the U.S. for the week ending August 16.
Friday 22:00, Federal Reserve Chairman Powell speaks at the Jackson Hole Global Central Bank Annual Conference.