Market Analysis: Powell's Jackson Hole Meeting May Face Noise from Trump and Basent
On August 18, Tickmill Group market strategist Patrick Munnelly stated in a report that the upcoming Jackson Hole seminar, set to open on Friday, is expected to be a key moment for the market, during which Federal Reserve Chairman Powell will outline the Fed's short-term policy direction.
However, he pointed out that, as usual, differing opinions from Trump and Basent may add noise. Munnelly noted that the noise could stem from ongoing discussions surrounding the Fed's appointments, potential legal challenges, and changes in labor market reports.
He added: "Before this, the FOMC minutes from July, to be released on Wednesday, could provide valuable clues for bridging the divergence in interest rate outlooks."
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