🗽Wall Street rebounds after Fed Powell's dovish remarks at Jackson Hole
Futures on Dow Jones Industrial Average gains during the Jerome Powell's speech at Jackson Hole economic symposium.
- Powell signals rising risk for US labour market
- Fed thinks that inflation effect from tariffs will be probably temporary
- Labour market is at risk now, while the risk of rising inflation seems to be lower
Traders increase bets on further monetary policy easing this year, fully pricing in two Fed rate cuts by the year-end. Quite dovish tone from Powell seems to be a surprise for Wall Street. Market prices in 90% chance for September rate cut vs 75% before the Powell speech. Indices on Wall Street rise, with US2000 gaining almost 3%, US500 and US100 gain 1.3% and 1.5% respectively.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appUS30 (D1 interval)
Futures on DJIA reach new all-time high level today.
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
