Ed Yardeni anticipates Fed Chair Jerome Powell to adopt a wait-and-see approach at the Jackson Hole Symposium. Upcoming inflation and payroll data will influence the Fed’s decision on rate cuts. Yardeni believes inflation is stickier than perceived. He foresees a potential market dip in August-September, followed by a year-end rally. He projects the S&P 500 to reach 6600 by year-end.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend
October 1, 2026