(Reuters) - As investors wait anxiously for any hint of guidance on the interest rate outlook from Federal Reserve Chair Jerome Powell on Friday, they ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - As investors wait anxiously for any hint of guidance on the interest rate outlook from Federal Reserve Chair Jerome Powell on Friday, they have been increasingly positioning for the central bank to deliver another interest rate hike by year end.
Powell is set to deliver the keynote speech on Friday morning at the annual economic symposium hosted by the Federal Reserve Bank of Kansas City held in Jackson Hole, Wyoming. Powell has often come to Jackson Hole with a mission, but with markets now generally aligned with the Fed's outlook for an extended period of tight credit to bring inflation to heel, he may opt for a message that looks to avoid trouble.
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