Jackson Hole, inflation, dollar stores: What to know this week in markets

The attention of the financial world will turn to Grand Teton National Park in the week ahead.

The Kansas City Federal Reserve will host its annual economic symposium in Jackson Hole this week, with Friday morning’s speech from Fed Chair Jerome Powell expected to highlight the proceedings as investors search for clues on the central bank’s next move.

This year’s symposium marks the first in-person Jackson Hole conference since 2019.

A close-reading of Powell’s comments on Friday will boil down to whether investors see the Fed chair signaling another 0.75% interest rate hike from the Fed at its next policy announcement on September 21, or whether the Fed will ease its pace of rate hikes and increase benchmark rates by 0.50%.

In a note to clients Friday, Andrew Hunter, senior U.S. economist at Capital Economics, wrote that recent economic events are likely to set the table for a 0.50% rate hike in September.

July inflation data showed a modest softening in inflation pressures, arguing for…

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This article was written by and originally published on finance.yahoo.com