Jerome Powell's Jackson Hole speech in focus
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Jackson Hole, Fed Chair
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Lawrence G. McMillan is president of McMillan Analysis, a registered investment and commodity trading advisor. McMillan may hold positions in securities recommended in this report, both personally and in client accounts. He is an experienced trader and money manager and is the author of “Options as a Strategic Investment.” www.optionstrategist.com.
Britain's FTSE 100 closed at a record high for the third straight day on Thursday with healthcare stocks leading the gains, while fresh economic data reinforced signs of resilience in the UK economy.
Historically, Powell’s remarks at Jackson Hole have triggered sharp market moves: hawkish tones have lifted the dollar and weighed on equities, while dovish guidance has sparked rallies in stocks and crypto.
Friday brings what’s become an annual rite of summer for U.S. financial markets, in the form of Federal Reserve Chair Jerome Powell’s address to monetary-policy mavens in Jackson Hole, Wyo. Investors have their eyes fixed on the annual economic ...
Gold prices fell on Thursday, pressured by a firmer dollar, while investors looked to the U.S. central bank's annual Jackson Hole symposium later in the day for further policy cues.