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Market Analysis: Powell's Jackson Hole conference may face noise from Trump and Bessent.
Jin10 data reported on August 18, Tickmill Group market strategist Patrick Munnelly stated in a report that the upcoming Jackson Hole seminar, which will open on Friday, is expected to be a key moment for the market, during which Fed Chairman Powell will outline the Fed's short-term policy direction. However, he pointed out that, as usual, the differing opinions of Trump and Bessent could add noise. Munnelly mentioned that the noise could arise from ongoing discussions surrounding Fed appointments, potential legal challenges, and changes in labor market reports. He added, "Before this, the July FOMC meeting minutes to be released on Wednesday may provide valuable clues for bridging the interest rate outlook discrepancies."
TRUMP-1.41%