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All eyes on Powell’s Jackson Hole speech as new data fuels concern of a weaker labor marketWe could find out on Friday. Last year, investors interpreted Powell’s Jackson Hole remarks as a sign that the Fed was done hiking rates, despite Powell saying it could still happen. Markets ...
Note: S&P 500 Index change from the closing level the day before the speech through the next six trading days. 2020's speech occurred on a Thursday; all others were on a Friday.
Anxiety ahead of Fed Chair Jerome Powell's Jackson Hole speech didn't help sentiment. Starting with today's economic news. Ahead of the open, the Labor Department said initial jobless claims rose ...
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