By Jeffrey Smith
Investing.com – Federal Reserve Chairman Jerome Powell delivered his long-awaited keynote address at the annual symposium in Jackson Hole. The U.S. is to publish data on personal income and spending, as well as July price data that the Fed really cares about. Energy prices continue to rise in Europe as Elon Musk has a partial victory in his battle with Twitter. This is your Friday 26 in August What you need to know about the financial markets.
1. Powell at Jackson Hole
The activity that has plagued the market for a week is finally here , as Chairman Jerome Powell at Jackson Hole delivered a keynote speech at the Federal Reserve’s annual Central Banking Symposium.
Top of the agenda is how Powell will steer expectations for the Fed’s September policy meeting, where the Fed decides to raise rates in the summer is guided by 67 base point instead of
it. The market is currently divided between expected rate hikes of half a point or 75 basis points, which means the market may see a sudden React Powell flag.
Powell will speak at : ET (10: GMT).
2. Personal spending, Michigan Consumer Confidence Index
The US will also release some key data on the Fed’s radar in the morning. exist08: 26 ET, there will be information about personal income