THIS WEEK: Eyes turn to Jackson Hole Friday on Powell's Economic Message

An expected rate cut by the Federal Reserve in mid-September won’t change the price of eggs or businesses’ hiring plans overnight, but it will signal the start of the next phase of the monetary-policy cycle, with important consequences for the economy, financial markets, and consumers.

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Fed’s Powell Will Set the Stage for the First Rate Cut in Years at Jackson Hole

The chair will lay the groundwork for the central bank’s next phase of monetary policy. 

It will be the highest-stakes event for the economy and markets this fall.

By Nicholas Jasinski