Reuters
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Market Insight: Rate-cut hopes meet Mid-East risks | REUTERS
Posted
August 26, 2024
Views
685
Likes
10
Engagement
1.46%
August 26, 2024
685
10
1.46%
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6:44Now PlayingFed Chair Jerome Powell's long-awaited speech on Friday fuelled optimism across markets, after he told the Jackson Hole symposium that the ‘time has come’ to cut interest rates. But clashes between Hezbollah and Israel highlight the need for caution among investors, on fears that any further escalation could morph into a regional conflagration, impacting energy prices and the geopolitical outlook. In that context, EY Senior Economist Lydia Boussour shares her views on where the US central bank will go from here, and what possible obstacles lay in its policy path.
#News #usmarketnews #federalreserve #jacksonhole #jeromepowell #Reuters #Newsfeed
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