Bringing Clarity to the Fed's Path | Morning Express 08/26/2022

Posted: Aug. 26, 2022, 8:24 a.m.

Fed Chair Powell delivers his Jackson Hole keynote speech at 9:00 am CT, but his prepared remarks are expected to be released before.

- Be sure to check out this week’s articles discussing the Federal Reserve’s Jackson Hole symposium.

The Inflation Showdown at Jackson Hole

What Does the Fed’s Jekyll and Hyde Approach Mean for Markets?

Who Does Powell Want To Be?

Core PCE, the Federal Reserve’s preferred inflation indicator, was soft.

o +0.1% MoM versus +0.3% expected

o +4.6% YoY versus +4.7%

o Personal Income +0.2% MoM versus +0.6%

o Personal Spending +0.1% MoM versus +0.4%

CME FedWatch Tool showing a 50/50 probability on whether the Federal Reserve hikes 50 or 75 basis points in September.

 

Do not miss yesterday’s Midday Market Minute, where Bill Baruch discusses how today’s Jackson Hole speech will impact markets.

 

Inverse head and shoulders brewing in the Aussie Dollar? Check out Bill Baruch’s commentary with the CME Group.

E-mini S&P (September) / NQ (September)

S&P, yesterday’s close: Settled at 4201.00, up 58.25

NQ, yesterday’s close: Settled at 13,156.00, up 226.26

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NQ (September)

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Crude Oil (October)

Yesterday’s close: Settled at 92.52, down 2.37

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Gold (December) / Silver (September)

Gold, yesterday’s close: Settled at 1771.4, up 9.9

Silver, yesterday’s closeSettled at 19.12, up 0.213

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Silver (September)

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