Wall Street is Banking That Powell Will Signal a Rate Cut at Jackson Hole
Wall Street is banking that Powell will signal a rate cut at Jackson Hole—but the closer it gets, the less likely it looks/
Wall Street is banking that Powell will signal a rate cut at Jackson Hole—but the closer it gets, the less likely it looks/
Despite mounting political pressure from Trump to slash rates, some economists warn that the Fed could instead choose to tighten rates.
Wealth advisors focused on inflation risks may need to recalibrate. According to David Rosenberg, president of Rosenberg Research and economist.
Some top executives at Wall Street banks have been showing concern about inflation and potential deterioration of US economy as tariffs take effect.
June's Consumer Price Index (CPI) report likely gives the Federal Reserve room to continue its wait-and-see approach to cutting rates.
Peter Schiff predicts 'worse financial crisis than 2008' as Fed holds rates: 'the solution involves much higher interest rates'.
Progress towards the U.S. central bank's 2% inflation target has slowed recently and may have stalled, Federal Reserve Governor Adriana Kugler said.