![]() ![]() Some people dismiss it - that it isn't the platform. "You shouldn't underestimate Jackson Hole. Powell could use that opportunity to update markets on the path ahead for monetary tightening, noted Medley Global Advisors' Emons, adding the Fed understands price pressures are so "tenacious and sticky that it can't really back away." The Federal Open Market Committee does not meet in August, when it will hold its annual symposium in Jackson Hole, Wyoming. "If it doesn't show that, or if it even goes a little bit higher based on some stickier components, then I think you're right back at 75 for the meeting," said Fernandez. ![]() "If those show us that we actually have a plateau or starting a downward trend, then I think the Fed maybe comes back a little bit to 50 basis points," she said. The inflation data in the next CPI report in September will be key for markets, she added. And I think it is because of the guidance that all these Fed speakers keep giving us - 'just don't be complacent here, we're going to continue,'" Emons added. "The pricing on the Fed fund futures and euro-dollar futures shows that we're still more towards the 75-basis-point rate hike. It probably means that the 75-basis-point rate hike remains on the table." "If you strip off any of the headline noise, some of the… CPI, even PPI show still upward pressures," he told CNBC's "Squawk Box Asia" on Friday. Still, the positive data doesn't mean it is "mission complete" for the Fed, said Ben Emons, managing director of global macro strategy at Medley Global Advisors. The rate was slightly cooler than the 8.7% expected by analysts surveyed by Dow Jones and a slowing pace from the prior month.Īs both CPI and PPI soften, markets have started to moderate their expectations for Fed rate hikes. That followed encouraging data that showed consumer prices rose 8.5% in July. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit ![]()
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