Investors will be looking if the world’s second largest economy will cut rates, after it unexpectedly trimmed medium term rates last week.
Both the S&P and Nasdaq recorded their third straight week of losses, something that has not happened since February for the S&P, and December for the Nasdaq.Powell confirmed to speak at Jackson Hole syposium
As expected, Federal Reserve Chairman Jerome Powell will be delivering an address at the central bank's symposium in Jackson Hole, Wyo., next week. The Fed announced that Powell will speak Friday, Aug. 25 at 10:05 a.m. ET. He will deliver a speech, but there will be no question-and-answer session afterwards.
Running from Thursday to Saturday, the topic of this year's conference will be"Structural Shifts in the Global Economy." In the past, Fed chairs have used the event to lay out policy agendas. In 2022,All sectors on pace for a negative week
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