X @Easy

Market Sentiment & Expectations - The market initially anticipated a hawkish tone from Powell [1] - Markets were pricing in the possibility that rate cuts are no longer guaranteed for September [1] - A dovish tone from Powell is causing a market rally [1] - The market sell-off was in preparation for Jackson Hole Friday [1] Monetary Policy Outlook - The initial expectation was "higher for longer" interest rates [1] - Powell's speech on Friday could hint at no rate cuts, potentially impacting the market [1]