Express
Tom Lee: Market Likely to Interpret Powell's Friday Speech as Dovish, Stocks Expected to Rise After Speech
Summary: BitMine's new chairman of the board, Tom Lee, stated on social media that in conversations with institutional investors, more people are expecting Federal Reserve Chairman Powell to lean towards hawkishness in his speech this Friday, as he does not want to be forced into cutting rates. However, the probability leans towards his statement being seen ...
BitMine's new chairman of the board, Tom Lee, stated on social media that in conversations with institutional investors, more people are expecting Federal Reserve Chairman Powell to lean towards hawkishness in his speech this Friday, as he does not want to be forced into cutting rates. However, the probability leans towards his statement being seen as dovish, which means the stock market may rise after the Jackson Hole event. Federal Reserve Chairman Powell will speak on economic outlook and Fed policy framework evaluation at the Kansas City Fed's annual central bank symposium in Jackson Hole, Wyoming on August 22 at 10 am ET (10 pm Beijing time).
Tags:
Link: Tom Lee: Market Likely to Interpret Powell's Friday Speech as Dovish, Stocks Expected to Rise After Speech [Copy]
