Powell's Last Jackson Hole Speech Could Be a Big 1
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Federal Reserve Chair Jerome Powell's speech at Jackson Hole on Friday morning was setting off a broad rally on Wall Street, but it’s been small-cap stocks shining the brightest. Small-cap stocks, as measured by the benchmark Russell 2000 index,
If inflation starts climbing again after a rate cut, “the Fed will have to reverse course—and in the worst case, start hiking again,” Slok said.