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Jerome Powell Set To Deliver Pivotal Jackson Hole Address As Analysts Warn It Could Be 'Make-Or-Break' Moment For Dovish Fed
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole Economic Policy Symposium on Friday is being billed as a pivotal, "make-or-break" moment for the central bank's more dovish contingent. This annual gathering of central bankers, economists, and financial leaders in Wyoming is one of the most closely watched events on the economic calendar, and this year's address is no exception. Market Experts Are Widely Anticipating A "Conciliatory" Tone The anticipation surrounding Powell's speech has been fueled by a growing consensus among market analysts that the Fed is poised to ease its monetary policy. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — According to Gary Black of The Future Fund, money markets are now pricing in an 84% chance of a 25-basis-point rate cut in September, with expectations for two cuts by the end of the year. He says that Powell's speech 'could be make-or-break moment for a more dovish Fed.'This sentiment persists despite a recent hotter-than-expected Producer Price Index (PPI) report for July. Similarly, Tom Lee of FundStrat has expressed his hope for a 'conciliatory tone to rate cuts' from the Fed Chair. Historical Market Reaction To Jackson Hole Historically, the S&P 500's performance in the week following the Jackson Hole symposium has been mixed, often marked by increased volatility as investors digest the Federal Reserve's messaging. According to analysis from Kevin Gordon of Schwab, citing Bloomberg Intelligence data, the index has gained an average of 0.4% in the week after the event since 2000.2025 Theme To Highlight Transitions In Labor Markets The theme for the 2025 symposium, which will take place from Aug. 21-23, is 'Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy.' This theme will guide the discussions and papers presented at the event, with a focus on how shifts in the labor market will impact the broader economy and monetary policy decisions. As the world watches, Powell's speech against this backdrop will be scrutinized for any hints about the future direction of the U.S. economy and the Fed's response to the evolving landscape. The Jackson Hole symposium, hosted by the Federal Reserve Bank of Kansas City, has a long history of being a platform for major policy announcements. The event brings together a select group of around 120 attendees, including central bankers from around the world, academics, and government officials, to discuss pressing long-term economic issues. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image Credit: Jack Gruber-USA TODAY via Imagn This article Jerome Powell Set To Deliver Pivotal Jackson Hole Address As Analysts Warn It Could Be 'Make-Or-Break' Moment For Dovish Fed originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Equities Mostly Fall Intraday as Tech, Communication Services Sectors Weigh
US benchmark equity indexes were mostly lower intraday, weighed down by declines in the technology a Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trump administration to seek federal charges against people snared in DC crackdown, sources say
By Sarah N. Lynch and Ned Parker WASHINGTON (Reuters) -President Donald Trump's administration this week ordered federal prosecutors in Washington, D.C., to be more aggressive in pursuing criminal cases against people arrested as part of a crackdown in the nation's capital, three people familiar with the matter told Reuters. The move marks an escalation of Trump's push against what he has described as a wave of crime and homelessness in Washington, in which the Republican president has already called up hundreds of National Guard troops and temporarily taken over the Democratic-led city's police department. The head of the criminal division of the Washington, D.C., U.S. Attorney's office, Jonathan Hornok, on Monday told prosecutors to charge as many federal cases as possible against people arrested in the sweeps, a move that could both strain the court system and raise the stakes for criminal defendants because convictions for federal crimes can carry weighty sentences, said the people, who were granted anonymity to discuss internal department matters. While many of the U.S. federal prosecutors in that office focus on higher-level offenses such as terrorism and fraud, the Washington office plays a dual role in prosecuting both federal and local crimes. In a post on X on Tuesday, Attorney General Pam Bondi said that since Trump's takeover of the Metropolitan Police Department began, there have been 465 arrests made for a variety of offenses, including homicide, narcotics, and firearm offenses. It was not clear how many of these could be eligible for federal charges. "In line with President Trump's directive to make D.C. safe, U.S. Attorney (Jeanine) Pirro has made it clear that the old way of doing things is unacceptable. She directed her staff to charge the highest crime that is supported by the law and the evidence," a spokesperson for Pirro's office said on Tuesday. Dozens of prosecutors have voluntarily left the Washington U.S. Attorney's office since Trump took office in January, while others have been fired. The orders could place additional stress on federal law enforcement agents including those from the FBI who are already stretched thin because they have been ordered to participate in nightly rotational shifts to patrol the capital's streets. That could leave them less time and resources to help do the follow-up investigations that will be required to support criminal charges, such as interviewing witnesses, canvassing for CCTV footage or following up to obtain DNA evidence, which is often required to win a conviction in D.C. for unlawful firearm possession cases. The U.S. Attorney's office is planning to bring in about 20 people from the Department of Defense on Monday to serve as special assistant U.S. attorneys to help prosecute the misdemeanor cases, a spokesperson confirmed.
