@koolgal:The weight of the world global markets rests on Jerome Powell's speech tonight at the Jackson Powell Symposium.Jerome Powell has the awesome power in his hands to make or break the markets which have been volatile lately. However what will happen to the markets comes down to 2 important factors :1.  The rate of inflation.   In July it was 8.5% down from 9.1% in June. 2.  The Feds' stance on raising interest rates -  whether it is hawkish or dovish.Just 1 year ago,  Jerome Powell said that inflation was "transitory".   But now it seems that we have transitioned to a new paradigm.   High Inflation is here to stay.   My opinion is that as long as inflation is high,  the Feds have no choice but to continue hiking t