It’s the event Wall Street has been waiting for all week. Federal Reserve Chairman Jerome Powell speaks at the Kansas City Fed’s Jackson Hole Economic Policy Symposium. Investors will be wondering how big the rate cut could be at the September Fed meeting, and how much of an emphasis the Fed will place on propping up the labor market rather than fighting inflation. I’m looking for hints. Yahoo Finance brings you live coverage throughout the day from Jackson Hole, Wyoming.
Elsewhere on Wall Street, CAVA shares soared after its most recent quarterly profit beat expectations and the company raised its full-year outlook.
Yahoo Finance’s trend tickers include Workday (WDAY), Peloton (PTON), and Alibaba (BABA).
The main guests are:
9:45am ET – Brett Schulman, Cava CEO
10:30 a.m. ET – Andrew Levin, Professor of Economics at Dartmouth College and former Special Advisor to the Federal Reserve Board
11 a.m. ET – Loretta Mester, former Cleveland Fed President
11:30 a.m. ET – Alan Blinder, professor of economics and public affairs at Princeton University. Former Fed Vice Chairman
11:45 a.m. ET – Patrick Harker, President of the Federal Reserve Bank of Philadelphia
