Gold Slips as Fed Chief Warsh's Jackson Hole Speech Looms
Fed Chair Warsh's first Jackson Hole speech is anticipated to provide guidance on market volatility and U.S. Treasury's bond buyback plans.
- Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole keynote today at 10 a.m. ET, an event generating significant anticipation in financial and crypto communities.
- Treasury Secretary Scott Bessent announced on Aug. 19 that the government will double buybacks of longer-dated notes to at least $4 billion starting Sept. 9, aiming to contain Treasury yields.
- Spot gold hit a three-month high before easing 0.5% to $4,576.30, while the Personal Consumption Expenditures price index stood at 3.7% in the 12 months through July.
- StoneX analyst Matt Simpson said the case for Warsh to lean hawkish is greater than the case against, potentially pressuring gold despite bulls eyeing another crack at $5,000.
- Traders see a 74.2% chance of a rate hike by year-end according to the CME FedWatch tool, as markets weigh how the Fed will manage the $40 trillion federal debt.
22 Articles
22 Articles
Jackson Hole Symposium LIVE Updates: Expectations high as US Fed Chair Kevin Warsh to deliver first speech today
Jackson Hole Symposium LIVE Updates: Federal Reserve Chairman Kevin Warsh is set to give his first Jackson Hole speech later today and most watchers feel he has an extremely difficult task in hand. Stay with Livemint for latest updates…
Market Braces For Warsh Speech; Marvell, Affirm, PayPal Big Movers
Futures wavered while Treasury yields rose before Fed chief Kevin Warsh's Jackson Hole speech. Marvell, Affirm, PayPal are big movers. The post Stock Market Today: Dow, S&P 500 Rise Before Warsh; Marvell, Affirm, PayPal Are Big Movers (Live Coverage) appeared first on Investor's Business Daily.
The Treasury revenues operate high, while investors await the speech of the president of the Federal Reserve (Fed), Kevin Warsh, at the symposium of Jackson Hole, in search of signs on the trajectory of monetary policy in the face of persistently above-target inflation and the high rates of long-term Treasurys. At around 8:30 a.m., the yield of the two-year T-note rose to 4.24%, from 4.238% in the previous closing, while that of the ten-year T-n…
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Gold Holds Steady as Investors Await Fed Chair Warsh’s Jackson Hole Speech
Gold prices were little changed on Friday as investors remained cautious ahead of remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole economic ... The post Gold Holds Steady as Investors Await Fed Chair Warsh’s Jackson Hole Speech first appeared on [your]NEWS.
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