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Nothing Imaginative Or Dramatic From Jackson Hole

Powell disappointed Fed-watchers who had expected something imaginative or dramatic here, notes Don Luskin. He discusses what’s next after Jackson Hole. He talks about how it seems that Powell that encouraging the markets to see an early end to this tightening cycle will risk itself raising or sustaining inflation, somehow, through expectations channel. He goes over the Fed’s “progress” on inflation, as well as major takeaways from Jerome Powell’s speech. He also highlights how futures higher ahead of this week’s key labor data. Tune in to find out more about the stock market today.

Morning Trade Live

28 Aug 2023

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