Jackson Hole Speech: Powell Is Still Hawkish

Do interest rates need to stay restrictive still to get inflation back to 2%? The Eurozone CPI reading will come out next week. Michelle Gibley says to get used to slower growth for longer in China, and that central bank policies are diverging. Collin Martin weighs in on short-term yields making more new highs. Also, Jerome Powell's speech today leaned more on the hawkish side.

Market On Close

25 Aug 2023

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