FT News Briefing A soft landing at Jackson Hole
Aug 23, 2024
Kamala Harris captivates with a call for unity at the Democratic National Convention, setting the stage for her upcoming debate. Meanwhile, all eyes are on the Federal Reserve summit in Jackson Hole, where leaders are navigating interest rates amid economic uncertainty. Interestingly, gold prices surge as investors turn to it for safety, defying expectations during a thriving U.S. economy. This podcast dives into the dynamics of gold's rise and the intriguing interplay between interest rates and market trends.
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Harris' Upbringing
- Kamala Harris, in her DNC speech, shared her upbringing and emphasized her mother's influence.
- She highlighted her mother's toughness and advocacy for women's health.
Jackson Hole Summit
- The Federal Reserve's annual summit at Jackson Hole is highly anticipated.
- Fed Chair Jay Powell's speech is expected to offer insights into the future of U.S. interest rates.
Potential Rate Cuts
- Signals from the Fed suggest potential interest rate cuts in September.
- Minutes from the last meeting indicate broad support for this move among officials.