Nvidia time: These 2 events will define markets this week
Nvidia time: These 2 events will define markets this week
On top of that, Jackson Hole has a history of providing paradigm-shifting moments. In 2022, for example, former Fed chief Jerome Powell gave a brief and hawkish speech, which sparked a sell-off of more than 3% in the S&P 500.
Warsh has so far talked tough on inflation, dousing hopes of rate cuts. But several economic data points recently — like the July jobs report and retail sales, and Walmart's worrying outlook — have taken investor expectations for imminent hikes off the table for now.
Still, inflation remains sticky at 3.4% year-over-year, so it's unclear if Warsh will stick with his hawkish messaging.
It's also unclear what type of messaging exactly investors would cheer on. Given their inflation concerns driving bond yields higher, less hawkish talk from Warsh could worsen inflationary fears. But with certain economic data points showing weakness lately, a slightly more dovish tone could be a welcome thing for investors.
If you enjoyed this story, be sure to follow Business Insider on Yahoo.
This article has been published in BusinessInsider.com via Yahoo News.
Nvidia time: These 2 events will define markets this week
Can Nvidia earnings or Jackson Hole save the day with stocks in a rut? We take a look at each.
finance.yahoo.com
