One top watcher thinks the bottom line from the Jackson Hole summit is that the Fed is on hold for the next several meetings.
Federal Reserve Chair Jerome Powell set a high bar for additional interest-rate hikes, economists said Sunday in their commentary on all the talk at the U.S. central bank’s summer retreat in Jackson Hole, Wyo.
Ian Shepherdson, chief economist at Pantheon, said that Powell’s speech seemed hawkish to some, particularly because the Fed chair made threats to hike again.“Behind the caveats, Mr. Powell’s speech fundamentally was optimistic, though cautious,” Shepherdson said. The Monday following Jackson Hole has historically been an active one in the markets, across asset classes.Read: Market Snapshot on Powell’s stance
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