With the stagflation monster rearing its ugly head, and following a weaker than expected jobs report (with unemployment rates rising), Fed Chair Jerome Powell is set to address the 18th annual University of Chicago Booth School of Business U.S. Monetary Policy Forum in New York.
Investors are looking to the Fed chair for hints about the direction of monetary policy after a slew of data that raise questions about US economic growth. The ‘growth scare’ has pushed market expectations significantly more dovish than The Fed’s dot-plot (3 cuts priced in vs 2 cuts in SEP)…
Last month, Powell reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to push interest rates lower.
Watch Live here (due to start at 1230ET):
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