BlockBeats News, August 18, Tickmill Group market strategist Patrick Munnelly stated in a report that the upcoming Jackson Hole symposium, which will open on Friday, is expected to be a key moment for the market, where Federal Reserve Chairman Powell will outline the Fed's short-term policy direction.
However, he pointed out that, as usual, the differing opinions of Trump and Bessenet may add noise. Munnelly noted that the noise could stem from ongoing discussions around Fed appointments, potential legal challenges, and changes in labor market reports.
He added, "Before that, the minutes from the July FOMC meeting, released on Wednesday, may provide valuable clues for bridging the rate outlook divide." (Golden Ten)