All eyes on Jackson Hole #

After a period of volatility, the S&P 500 is nearing a record high. Investors are closely watching the Federal Reserve as it reaches a crucial point in its goal to achieve a soft landing. Fed chair Jay Powell is expected to give an important speech at a central bankers’ symposium in Jackson Hole. It is widely anticipated that Powell will indicate the central bank’s readiness to start reducing interest rates. The aim is to maintain economic stability and avoid a sharp downturn. Market participants are hopeful that the Fed will take necessary measures to sustain the soft landing. However, uncertainties remain as recent data shows signs of hiring slowdown and decreased consumer activity, which could impact the decision-making process. The minutes from the last rate-setting meeting indicated that the majority of officials deemed a rate cut in September as appropriate, reflecting their increasing comfort with lowering borrowing costs amidst rising unemployment.