Investors Look For Clues On September Rate Cut At Jackson Hole: How Does Stock Market Perform During Fed Symposium?
Portfolio Pulse from Piero Cingari
The Jackson Hole Economic Symposium is a key event for financial markets, with investors anticipating signals from Fed Chair Jerome Powell on a potential September rate cut. Market consensus expects a 25-basis-point cut, with a 77.5% probability, as per CME Group's FedWatch tool. Historically, the S&P 500 has shown mixed reactions during the symposium, with an average decline of 0.4% during the event days but a modest gain of 0.4% over the week.
August 19, 2024 | 5:46 pm
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The SPDR S&P 500 ETF Trust (SPY) is likely to experience volatility during the Jackson Hole Symposium as investors look for clues on a potential September rate cut. Historically, the S&P 500 has shown mixed performance during the event.
The SPY, which tracks the S&P 500, is directly impacted by the Jackson Hole Symposium as it influences market expectations on interest rates. Historical data shows mixed performance during the event, suggesting potential volatility.
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