Did you know that the Jackson Hole Symposium, an annual economic policy event held since 1978, has often been a stage for major policy announcements from the Federal Reserve?

This symposium has played an important role in shaping market expectations and guiding economic policy discussions since its inception.

Today, we’ll talk about these topics:

• Will The Fed Cut By 50 Basis Points On September 18? First, we’ll explore the likelihood of a significant rate cut in the upcoming FOMC meeting ✂️

• Jackson Hole Will Be A Big Moment For The Fed: Next, we turn our attention to the Jackson Hole Symposium 👀

• Economic Fundamentals Remain Solid: Finally, we examine the underlying strength of the U.S. economy 💪

Stay tuned as we look into these topics, giving you the insights needed to find your way through the current economic landscape. Off we go!

Will The Fed Cut By 50 Basis Points On September 18? ✂️

There are rumors of a half-percentage-point rate cut at the September meeting, as opposed to a quarter-point cut.

Is this likely?

Powell said two things at his July 31 FOMC press conference that suggest 50bps is unlikely, though not impossible.

He said the Fed is looking at the totality of the economic data, which means not only non-farm payrolls but also inflation, consumer spending, and capital expenditures, or capex.

The totality of the data would argue for a 25-basis-point cut in September 📅

Powell also said that the anecdotal evidence of a weakening economy is mixed.

Often, analysts give the impression that all the anecdotes are negative, but that’s not a complete picture.

Jackson Hole Will Be A Big Moment For The Fed 👀

The annual Jackson Hole Symposium takes place this year between August 22-24.

Frequently, but not always, the Fed Chair takes the opportunity to deliver an important message to the financial market community.

This year, Fed Chair Powell is likely to make clear that the Fed will cut rates by 0.25% at the September 18 FOMC meeting ✔️

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Economic Fundamentals Remain Solid 💪

The summer months and often times well into October can be quite difficult.

In 2023, the S&P 500 rose by 24%.

Nevertheless, between July 16-October 27 of 2023, the S&P dropped by 10.1%.

Such corrections are typical in a bull market, and the pain often comes during this period of the year.

These sell-offs are usually the time to step up and do some buying 💸

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