US Federal Reserve chairman Jerome Powell’s hawkish speech at the Jackson Hole meeting on Friday night once again erased billions in the equity market, with the S&P 500 losing 3% after enjoying a brief market rally. Powell signalled there may be more rate hikes on the horizon. At each of its last two policy meetings, the Fed had raised interest…
Private banks on what to expect after Powell’s speech rattles equity markets
By Carly Lau, senior reporter | 29 August 2022

Photo by JP Valery on Unsplash
Share article
Share article
Related News

Jackson Hole preview: PBs and AMs on what to expect from Jerome Powell’s speech
26 August 2022

Is the Fed turning dovish? Private banks and asset managers have their say
28 July 2022

How the runaway US dollar could be a “wrecking ball” for private banks
15 July 2022

Where now for beaten-down equities and bonds in 2H22? Private banks have their say
5 July 2022

Fed hikes rates by most since 1994: Private banks and asset managers react
16 June 2022

How China’s 2022 growing pains are a headache for private banks
31 May 2022

CIO Weekly – Why China onshore equities offer better diversification: Redmond Wong of Saxo Markets
14 April 2022