Traders need Fed to make Jackson Hole count

Top dog: Powell at a press conference following a meeting on interest rate policy in Washington. The Fed chairman’s remarks in Jackson Hole this week will carry some serious weight for the markets. — Reuters

NEW YORK: Wall Street is betting that Federal Reserve (Fed) chairman Jerome Powell will confirm that interest rate cuts are coming at the central bank’s annual confab (informal discussion) in Jackson Hole, Wyoming.

But as the debate shifts from “will they or won’t they?” to “how big will they go?” – stock traders may be left wanting.