By Naeem Aslam Stock futures in Europe and the US are trading sharply lower as traders brace for another brutal day after the US economic data...
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Maroc - FINANCIALMIRROR.COM - A La Une - 23/Aug 14:42
Jackson Hole fails to ignite rally, gold set for losses
By Naeem Aslam European and US markets are trading with caution as investors and traders wait for one of the most important economic events. Fed Chairman Jerome Powell is scheduled to deliver his testimony at Jackson Hole on the second day of the summit. His approach could be similar to Thursday’s, maintaining a cautious stance. The Fed Chair’s important job now is to not give any false hopes to the market, while managing expectations with a fine line. It is pretty much a done deal that the Fed will cut the rate in September, as was evident in his comments
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