Markets Await Economic Data After Powell's Friday Speech; Equities Rise Monday

Fed Chair Jerome Powell's speech and eurozone sentiment data releases will be in focus next week, while policymakers in the UK will be looking for inflation clues in the PMI releases.

The podcast discusses the current market sentiment and the need for investors to adapt and react to market conditions, with a focus on potential market history rhyming and the importance of chart analysis for trading decisions.

The market is focused on the Jackson Hole Symposium for any policy changes from Fed Chair Jerome Powell, with investors eager to know if higher rates for longer are necessary. The market reaction will depend on Powell's message regarding rate hikes and cuts.

MarketWatch provides live coverage of the Federal Reserve's meeting in Jackson Hole, with a focus on Chair Jerome Powell's speech.

Fed Chair Jerome Powell's speech at the Jackson Hole symposium is expected to introduce volatility in both traditional markets and the crypto market, with the direction of the volatility depending on Powell's hawkish or dovish tone.+

Stocks opened higher as investors awaited a key speech from Federal Reserve Chair Jerome Powell at the Jackson Hole economic symposium, with expectations of a more nuanced stance on rate hikes.

Traders interpret Federal Reserve Chairman Jerome Powell's speech as an indication that the Fed will continue to raise interest rates and that the US economy remains strong.

Tech stocks led a rally in the stock market, with the Nasdaq Composite gaining 1.6% and the S&P 500 ending a four-day losing streak, despite the rise in Treasury yields; investors will be looking for clues about the US consumer spending and the economy as retailers' earnings reports are expected, and Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium is anticipated for indications on interest rates.

Federal Reserve Chair Jerome Powell's comments about potential future rate hikes have put the focus on upcoming data releases, including the Personal Consumption Expenditures (PCE) index and the August jobs report, as investors assess the state of the economy.

Federal Reserve Chair Jerome Powell warned that inflation and economic growth remain too high and interest rates may continue to rise and remain restrictive for longer, while U.S. stocks rebounded and European markets closed slightly higher. Meanwhile, U.S. Trade Representative Katherine Tai highlighted China's dominance in rare earth metals and the vulnerability of U.S. supply chains. Grocery delivery company Instacart filed paperwork for an IPO, and upcoming PCE and jobs data will provide insights into the Fed's rate decisions. Powell's ambiguous remarks at the Jackson Hole symposium led markets to focus on the prospect of a stronger economy rather than interest rate warnings.

US equity markets were relatively stagnant last week, with major indexes trading up and down around their 200-day moving averages, indicating a lack of direction and potential resistance, while Treasury markets appeared to stabilize despite an inverted yield curve, suggesting a potential recession on the horizon. Fed Chair Jerome Powell's hawkish speech on Friday emphasized the need for caution and the possibility of higher interest rates, while Nvidia's strong earnings highlighted the company's dominance in the artificial intelligence sector.

Wall Street is focused on upcoming inflation and jobs data, looking past Fed Chair Jerome Powell's cautious message and anticipating potential interest rate hikes.

Equity markets are higher as investors consider macro data, with Wall Street experiencing a rally fueled by optimism about interest rates and job openings.

Investors eagerly awaited Nvidia's earnings report, which beat expectations, but the market rally was short-lived due to Federal Chair Jerome Powell's speech at Jackson Hole, with the Nasdaq falling over 2% and bulls losing hope; however, there is optimism for a potential turnaround next week with upcoming economic data events.

Stock investors have been reacting positively to "bad economic news" as it may imply a slowdown in the economy and a potential halt to interest rate hikes by the Federal Reserve, however, for this trend to change, economic data would have to be much worse than it is currently.

Investors are eagerly awaiting Jerome Powell's statement and Q&A session after the Federal Reserve's policy meeting as they seek clarity on the central bank's thinking and the timing of potential interest rate cuts.

Market experts discuss the changing tech trade and anticipate Powell's upcoming comments.

The article discusses economic data, commodities, and markets in the September 23rd, 2023 edition of The Economist.