Jackson Hole, market and stocks
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Jackson Hole, Fed
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Stock markets in the Gulf were subdued in early trade on Thursday as investors awaited U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium on Friday to gauge the interest rate trajectory.
The president's latest attack comes as Powell is scheduled to deliver remarks at the Fed's annual conference in Jackson Hole, WY, on Friday.
Gold was little changed on Thursday as investors awaited cues on the Federal Reserve's policy outlook ahead of its annual Jackson Hole symposium, which starts later in the day. Spot gold was down 0.2% at $3,
Fed chair Jerome Powell will deliver remarks at Jackson Hole on Friday. State Street's chief strategist lays out what investors should listen for.
Powell has never responded directly to Trump's provocations, and I, personally, expect this issue to play a predominant role at his latest meeting in Jackson Hole, perhaps even more so than the interest rate discussion. The independence of central banks is much more important than a 25 basis point change in the coming month.
India's equity benchmarks are set to open little changed on Thursday, following a five-session rally driven by tax-cut hopes, as investors await the Federal Reserve's annual symposium for rate trajectory cues.