Fed’s Powell Will Walk an Economic Tightrope. Why Markets May Not Like It.
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Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole will be scrutinized.
Photograph by Mark Wilson/Getty ImagesThe world will be watching Federal Reserve Chairman Jerome Powell later this week, and markets may not like what they hear.
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Fed Can’t Celebrate Yet as Investors Expect Rates, Inflation to Remain Elevated
- Inflation emergency has eased and soft landing looks feasible
- But higher-for-longer rates weigh on stocks and bonds
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