News list for " Hole Conference"

Santander: if the employment data in August is strong, the Fed may dispel the idea of cutting interest rates by 50 basis points

In remarks at the Jackson Hole conference, Federal Reserve Chairperson Jerome Powell emphasized the importance of the U.S. jobs data for the upcoming monetary easing cycle. This adds to the importance of the August jobs data, which will be released on September 6, Stephen Stanley of Santander said in a note. He said that after a surprisingly subdued job growth in July, August's growth would not be a complete shock. More broadly, Powell and others at the Fed have recently opened...

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2024-08-24 08:57:30
Agency: Employment report appears to be more important than inflation

In remarks at the Jackson Hole conference, Federal Reserve Chairperson Jerome Powell emphasized the importance of the U.S. jobs data for the upcoming monetary easing cycle. This adds to the importance of the August jobs data, which will be released on September 6, Stephen Stanley of Santander said in a note. He said that after the unexpectedly subdued job growth in July, "August's growth will not be a complete shock. More broadly, Powell and others at the Fed have recently...

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2024-08-24 03:55:57