Fed Chief Powell Speaks Later Today. Look for Taper Talk but No Clear Plans

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Fed Chief Powell Speaks Later Today. Look for Taper Talk but No Clear Plans

Barrons2021-08-27

Federal Reserve Chairman Jerome Powell Anticipation has been running high for months ahead of the Federal Reserve’s annual Jackson Hole symposium which, for a second straight year, isn’t actually ...

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堵神
·2021-08-27
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VCVCVC
·2021-08-27
Tell me your opinion about this news...
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- SK118:
  wait for another talk
  2021-08-27
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DragonKC
·2021-08-27
Powell better not to mention anything. Let it be .
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- VCVCVC:
  Hope so
  2021-08-27
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Look for Taper Talk but No Clear Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-27 16:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/fed-chief-powell-speaks-later-today-look-for-taper-talk-but-no-clear-plans-51630011365?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Federal Reserve Chairman Jerome Powell\nAnticipation has been running high for months ahead of the Federal Reserve’s annual Jackson Hole symposium which, for a second straight year, isn’t actually ...</p>\n\n<a href=\"https://www.barrons.com/articles/fed-chief-powell-speaks-later-today-look-for-taper-talk-but-no-clear-plans-51630011365?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://www.barrons.com/articles/fed-chief-powell-speaks-later-today-look-for-taper-talk-but-no-clear-plans-51630011365?mod=hp_LATEST","article_id":"1130148125","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130148125","pubTimestamp":1630054176,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Federal Reserve Chairman Jerome Powell\nAnticipation has been running high for months ahead of the Fe","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"translate_title":"美联储主席鲍威尔今天晚些时候发表讲话。寻找锥形谈话，但没有明确的计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"Federal Reserve Chairman Jerome Powell\nAnticipation has been running high for months ahead of the Federal Reserve’s annual Jackson Hole symposium which, for a second straight year, isn’t actually happening in the Wyoming ski resort town. The day is finally here, but investors will likely be left unsatisfied.\nWhile investors are hungry for clarity over plans to taper the emergency bond-buying program launched in response to the pandemic, odds are that Chairman Jerome Powell won’t deliver it when he speaks during the remote conference at 10 a.m. Eastern time. This is in part because of the economic headwinds posed by resurgent Covid-19 cases and a reluctance to front-run the Fed’s policy-making committee, which next meets Sept. 21-22.\nThe Fed’s own scrapped in-person plans highlight Covid’s threat to the economy at a time when economists, employers and Fed officials themselves have been counting on millions of workers returning to the labor market in September, thereby relieving the labor shortage that is at the center of the everything-shortage. And these Covid headwinds come as economic and corporate earnings growth is already peaking, strategists say, and geopolitical risks are rising.\nThat’s not to say there aren’t plenty of reasons to believe Powell will hit lots of dovish notes. After all, the Delta variant and the economic threat it poses offers a convenient out for officials on the fence about starting to taper this year.\nBut his task is fraught. He not only needs to sound sufficiently dovish to avoid upsetting markets anxious about the wind-down of the Fed’s $120 billion in monthly Treasury and mortgage-backed securities purchases, but he also needs to soft-pedal those headwinds or he risks spooking markets. At the same time, many investors are looking for Powell to acknowledge inflation that has been both hotter and persistent than the Fed has forecast.\nAdd it all up and the Fed chief must try to balance competing forces. The easiest thing to do: say as little as possible. Yet even if Powell doesn’t deliver answers, one thing seems certain. A taper announcement before November is increasingly unlikely, and expectations for a delay to the start of monthly purchase reductions until 2022 are building.\nTo that point, what Powell doesn’t say during his speech, and the Q&A to follow it, may wind up more important than what he does say.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":819823369,"gmtCreate":1630056101051,"gmtModify":1676530212367,"author":{"id":"3569643178216945","authorId":"3569643178216945","name":"堵神","avatar":"https://static.tigerbbs.com/cacee5ba5c333e51bfcd4bed94dada85","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/819823369","repostId":1130148125,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":819865763,"gmtCreate":1630055754152,"gmtModify":1676530212264,"author":{"id":"4090312551875200","authorId":"4090312551875200","name":"VCVCVC","avatar":"https://static.tigerbbs.com/890ee5d4d58b015bdf45452554e0ec3e","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/819865763","repostId":1130148125,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5665608,"gmtCreate":1630056032227,"gmtModify":1663232986054,"authorId":3577519492325313,"author":{"id":3577519492325313,"authorId":3577519492325313,"name":"SK118","avatar":"https://static.tigerbbs.com/9a303d951cd8f8b608ce003cd75d133a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":819865763,"type":1,"supId":0,"prevId":0,"content":"wait for another <u>talk</u>","text":"wait for another <u>talk</u>","html":"wait for another <u>talk</u>"}],"langContent":"EN"},{"id":819865058,"gmtCreate":1630055686174,"gmtModify":1676530212238,"author":{"id":"3577178099298017","authorId":"3577178099298017","name":"DragonKC","avatar":"https://static.tigerbbs.com/f90c63c67a4e5f91e9dc0159f5b853ab","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Powell better not to mention anything.&nbsp; Let it be .&nbsp;","listText":"Powell better not to mention anything.&nbsp; Let it be .&nbsp;","text":"Powell better not to mention anything. Let it be .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/819865058","repostId":1130148125,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5665551,"gmtCreate":1630055749983,"gmtModify":1635137960070,"authorId":4090312551875200,"author":{"id":4090312551875200,"authorId":4090312551875200,"name":"VCVCVC","avatar":"https://static.tigerbbs.com/890ee5d4d58b015bdf45452554e0ec3e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":819865058,"type":1,"supId":0,"prevId":0,"content":"Hope so","text":"Hope so","html":"Hope so"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":32,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}