The stock market’s rally has met its match: the August doldrums. The S&P 500 is down about 4% this month after rallying 14% through the first seven months of the year.Central bank officials and economists gather each year in Jackson Hole, Wyo., to discuss monetary policy. At last year’s meeting, Federal Reserve Chairman Jerome Powell reiterated in a speech his commitment to battling historically high inflation.
“I don’t expect to hear anything other than the current narrative,” Dave Sekera, chief U.S. market strategist at Morningstar, wrote. “That inflation is moderating yet still too high, that [the Fed is] concerned that tightening monetary policy might not be over yet, and that they’ll be data dependent moving forward.”
That leaves investors left with interpreting Powell’s tone. Last year, the Dow Jones Industrial Average fell 1,008 points after Powell delivered a more hawkish stance on inflation than expected. Barron’s worked with Dow Jones Market Data to analyze how the major stock indexes performed on the day of Jackson Hole and in the months afterward since the event began in 1978.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Asian Stock Market: Most stock markets rise on technology stocks recoveryThe Asian stock markets experienced an uptick on Tuesday propelled by the rebound of technology stocks. However, concerns regarding the tightening of
مصدر: FXStreetNews - 🏆 14. / 72 اقرأ أكثر »
Asian Stock Market: Trades mixed following PBoC rate cut, Chinese stimulus support eyedThe week began on a tepid note for Asian stock markets as China slashed its Loan Prime Rate (LPR) for one year by a smaller margin than anticipated w
مصدر: FXStreetNews - 🏆 14. / 72 اقرأ أكثر »
Stock market today: Asian stocks mixed as traders await Fed conference for interest rate updateAsian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »
Stocks Week Ahead: Is the US Stock Market's Bull Run Finally Over?Stocks Analysis by Michael Kramer covering: USD/JPY, S&P 500, Hang Seng, Microsoft Corporation. Read Michael Kramer's latest article on Investing.com
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »
Stock market today: Global stocks up as traders await Fed conference for interest rate updateGlobal stock markets are higher as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »
Stock market today: Global stocks up as traders await Fed conference for interest rate updateGlobal stock markets are higher as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
مصدر: ksatnews - 🏆 442. / 53 اقرأ أكثر »