Stocks retreated as traders cut risk ahead of Friday’s US inflation data that may test expectations on how quickly the Federal Reserve can reduce interest rates. Fed Chair Jerome Powell’s dovish tilt at Jackson Hole shored up bets on the first rate cut of the year next month, meanwhile Federal Reserve Governor Christopher Waller again called for lower interest rates, saying he would support a quarter-percentage point reduction in September and anticipates additional cuts over the next three to six months. Staying with the Fed, Federal Reserve Governor Lisa Cook’s lawyers suggested that an unintentional “clerical error” may have been behind the mortgage dispute over which President Donald Trump wants her fired.
Today’s guests: Karim Chedid, BlackRock Head of EMEA Investment Strategy, Michele Della Vigna, Goldman Sachs Head of EMEA Natural Resources Research, Elisabeth Braw, Atlantic Council Senior Fellow. (Source:…
