Federal Reserve Chair Jerome Powell spoke at the Jackson Hole Economic Symposium in Wyoming on Friday morning, giving more insight into how the central bank ...
in Wyoming on Friday morning, giving more insight into how the central bank will deploy its monetary policies and cut interest rates moving forward. Powell reiterated commentary from previous speeches about the Fed remaining data-dependent.
Lang follows that up with:"I think the Fed wants to be measured going forward. I think if there is a 50-basis-point cut, it's really a reaction to a poor jobs number or some other economic data that really concerns the Fed and causes them to move further than, currently priced in. I think as far as where we are with the data, I think the expectations are that we are seeing a little uptick in the unemployment rate, but the expectation from here is I think we can see some stabilization.
So Stephanie, when we talk about the data that's coming down in the pipe in the pipe the next several weeks, obviously, a lot of that is very dependent on the next job and what we are getting. Steve, let me go to you on the labor market here because it seems that that is of course the biggest risk, as you mentioned here.
US Open preview: Can Coco Gauff, Novak Djokovic defend their titles? Will Carlos Alcaraz, Iga Swiatek rebound from Olympics?Before he died this week, French film icon Alain Delon once suggested he wanted his beloved sheepdog Louba buried with him. Delon, an internationally acclaimed and prolific actor and producer, died Sunday, aged 88, and will be buried on Saturday at his family home in Douchy, south of Paris.
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