Here’s The Script The Fed’s Jackson Hole Statement Really Flipped -

Here’s The Script The Fed’s Jackson Hole Statement Really Flipped

Aug 26, 2024Jeremy ParkinsonFinance, No picture0

Image Source: UnsplashIt was cute to watch Chairman Powell speak at a luxurious resort at Jackson Hole, on the edge of the old Frontier.To his credit, he addressed the root causes of inflation – spending and monetization… but then he laughed off the notion that they got the “transitory” part wrong. It’s easy for those in power, holding forth from chi-chi mountain resorts, to set aside the significant impacts of their policies on the average Joe.But Powell is the Chairman of the Federal Reserve – his confidence that inflation is now very clearly on the “2% trajectory” should be taken seriously… right? Of course his discussion of imminent rate cuts has a strong foundation… right?The reality is likely very different. In my view, the thing that really changed after Jackson Hole is the script that stocks, oil, and commodities are reading from. The script has flipped, alright, and the markets’ strengths and weaknesses showed that today.Here’s what I mean…Video Length: 00:20:48More By This Author:Real Estate Roars BackEchos Of Volatility Continue To Haunt Markets The Recession Already Happened