Jackson Hole: Are Rate Cuts Imminent?
πππTonight Jerome Powell takes centrestage at Jackson Hole, Wyoming. Wall Street is watching closely.
The Forecast?
JPMorgan $JPMorgan Chase(JPM)$
Key Reasons
The Feds have recently appointed a new governor Stephen Miran. He was nominated by President Trump to fill a seat on the Fed's governing board after Adriana Kugler's surprise decision to step down.
Stephen Miran is a strong advocate for a rate cut.
Another reason is the deceleration in hiring seen in July jobs report which could possibly point to an imminent rate cut.
The Fed's benchmark rate could fall to 3.25% to 3.5% by December, thanks to soft jobs data, and recession signals.
Concluding Thoughts
Will Powell play the dove, soothe the markets?
Or will he channel his inner hawk and leave us in despair?
Powell is walking a tight rope of trying to balance inflation jitters with labor market results. A misstep could burn a hole in my portfolio. A well timed pivot might just be the spark for a new bull run.
So here is my prayer:
Speak gently Jerome Powell.
Let the rates fall like snow on the Rockies.
May my portfolio ride the tailwinds, not the turbulence.
@Tiger_comments @TigerStars @Tiger_SG @CaptainTiger @TigerClub
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itβs a 50/50 statement β¦.. market dip after 12am then stagnant