Powell likely to play ‘Owl,’ watch data at Jackson Hole: Ed Yardeni

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.

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