{"id":1621251,"date":"2022-08-25T18:19:36","date_gmt":"2022-08-25T22:19:36","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1621251"},"modified":"2022-08-25T18:19:57","modified_gmt":"2022-08-25T22:19:57","slug":"marketmind-powell-to-the-people","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-powell-to-the-people\/","title":{"rendered":"Marketmind: Powell to the people"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmarketmind-powell-to-the-people%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1621251&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     A look at the day ahead in Asian markets from Jamie McGeever <\/p>\n<p>The waiting is almost over. <\/p>\n<p>U.S. Federal Reserve Chair Jerome Powell delivers his Jackson Hole speech on the economic outlook on Friday, which will give direction to every financial market in the near term, and set the tone until the Fed\u2019s September 20-21 policy meeting. <\/p>\n<p>A flurry of Fed officials on Thursday shared their thoughts on the economy, inflation and interest rates, the most notable market impact of which was a bull-flattening U.S. yield curve to its most inverted in a week.<\/p>\n<p>U.S. yield curve: https:\/\/tmsnrt.rs\/3QTB77i<\/p>\n<p>Wall Street also recovered a bit more ground. The Nasdaq\u2019s rise of around 1.5% was also helped by a 6% jump in Hong Kong\u2019s tech index overnight, the biggest rise in almost four months during market talk that Sino-U.S. audit discussions have made progress.<\/p>\n<p>Fresh stimulus measures from Beijing to help support China\u2019s creaking economy, while not on a game-changing scale, will boost local sentiment, at least temporarily.<\/p>\n<p>But there is only one game in town \u2013 Powell\u2019s speech at the Kansas City Fed\u2019s annual policy symposium in Wyoming. How hawkish will he be? Will he hint at a policy pivot?  <\/p>\n<p>On the Asian corporate front, the most keenly-awaited event on Friday is Chinese property developer Longfor Group Holdings half yearly results. The property sector is in trouble, and sources told Reuters earlier this month that state-owned China Bond Insurance Co Ltd was asked to guarantee Longfor\u2019s bond issues. <\/p>\n<p>Japanese inflation is expected to rise to a fresh eight-year high of 2.5% in August from 2.3%, putting further pressure on the Bank of Japan\u2019s policy of buying unlimited quantities of government bonds to cap the 10-year yield at 0.25%.<\/p>\n<p>If and when inflation tops 2.8%, it will be the highest since the peak of Japan\u2019s boom in the early 1990s.<\/p>\n<p>Other key developments that should provide more direction to markets on Friday: <\/p>\n<p>U.S. PCE inflation (July)<\/p>\n<p>U.S. UMich inflation expectations (Aug, final)<\/p>\n<p> (Reporting by Jamie McGeever in Orlando, Florida; Editing by Josie Kao)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2741475\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/tagreuters.com2022binary_LYNXMPEI7O0ZS-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI7O0ZS-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 A look at the day ahead in Asian markets from Jamie McGeever The waiting is almost over. U.S. Federal Reserve Chair Jerome Powell delivers his Jackson<\/p>\n","protected":false},"author":66,"featured_media":1888830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1621251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1621251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1621251"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1621251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1888830"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1621251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1621251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1621251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}