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Tom Lee: Powell's Friday Speech May Be Understood by the Market as "Dovish," While the Stock Market Will Rise After the Speech
BlockBeats News, August 20th, BitMine's newly appointed Chairman of the Board, Tom Lee, posted on social media, stating that in discussions with institutional investors, more people expect Federal Reserve Chairman Powell to lean towards "hawkish" in his speech this Friday, as he does not want to be forced into a corner to cut interest rates. This is just the "baseline scenario," and the probability leans towards his statement being seen as "dovish," which means the stock market may rise after the Jackson Hole event.
Federal Reserve Chairman Powell will deliver a speech on the economic outlook and the Federal Reserve's policy framework evaluation at the Federal Reserve Bank of Kansas City's annual central bank symposium in Jackson Hole, Wyoming, on August 22nd at 10 a.m. Eastern Time (10 p.m. Beijing Time).
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