2 Sep 2022

Sovereign CEO, Gary Korolev, CFA Briefly Discusses Status of the Market Post Fed’s Meeting at Jackson Hole

As you know, Federal Reserve Chairman Jay Powell’s speech at the Jackson Hole symposium was closely watched by markets for any clues on the FED’s future actions. And, indeed, Powell didn’t disappoint, saying that the FED is prepared to act “as appropriate” even if it means a sustained period of below-trend growth and softness in the labor market. This has increased concerns about the US economy plunging into recession. In the following video, I review several major indicators to provide you with insights into our current views on the markets.