SignalPlus head of Insights Augustine Fan noted that markets have already ruled out any chance of an outsized 50-basis-point cut.

The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.

Get insights on the 2023 Fed Symposium in Jackson Hole. Explore market expectations, Powell's agenda, and potential rate cuts' impact on the economy.

The Kansas City Fed’s annual central banking shindig kicks off this Thursday, and for a few summer days Jackson Hole plays host to the world’s biggest hitting central bankers, economists, and hangers-on. What’s on the agenda? We don’t know. We never know until the thing starts — which is 6pm Mountain Time (1am BST). But as Goldman analysts put it:

Markets bet on a September Fed rate cut at Jackson Hole, but sticky inflation, Trump tariffs, and Powell’s framework review could derail expectations.

Jerome Powell has the ideal platform Friday to deliver a clear signal the Federal Reserve is about to resume cutting interest rates. But the economy isn’t giving him an equally clear signal that now is the time.

By Howard Schneider WASHINGTON (Reuters) -Fed Chair Jerome Powell used the central bank's annual Wyoming research conference to promise inflation-fighting rigor when it was needed in 2022, then last year he came to the defense of the job market with promises of lower interest rates when the unemployment rate seemed on a steady rise.

Gold price today: Rates rise after Trump-Zelensky meeting; Fed's Jackson Hole summit in focus; key MCX levels to watch