A new Chair's Jackson Hole debut is never a formality—in 2022, Powell's single sentence caused the S&P 500 to crash 3.37%.
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Jackson Hole: 10 AM ET – Warsh's Words Could Move Markets.
PCE at 3.7% beat expectations unexpectedly, pushing the probability of no rate hike in September from 35% to 66%. Since Walsh took office, forward guidance has been scrapped and the dot plot abolished...


