What Will FED Chairman Jerome Powell Speak Tomorrow at Jackson Hole? Forecasts from Major Company Analysts

Fed Chairman Jerome Powell is expected to deliver a speech at the Jackson Hole Economics Symposium tomorrow at 17.05 (UTC 14.05).

So what will be the content of this speech? Analysts shared their thoughts on the content of the speech in the estimates they released today.

Fed Chairman Powell's Jackson Hole speech is unlikely to introduce new elements into the US monetary policy outlook, says Julian Brigden of Macro Intelligence 2.

“They will continue to hold the trump card because they don't want to loosen financial conditions,” Brigden said.

“While they emphasize that they will not cut rates anytime soon, they will probably continue to hold some sort of trump card in the form of another 25 basis points hike.”

Brigden expects inflation to remain above target and leave no room for a dovish stance. The analyst noted that investors have yet to realize that the concept of “higher interest for longer” means “a longer period of time than the concept of longer duration that the markets have had so far”.

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