Since 1998 the S&P 500 has moved by more than 1.0% in the week after the Jackson Hole speech by the Chair Person of the Federal Reserve. In 2024 the S&P 500 rallied by 1.28% to 5641.82 after Chair Powell’s speech before closing with a gain of 0.96%. The 1.0% move on Friday by the S&P 500 marks the 18 th time in the last 26 years and the 11 th time it was positive.
The FOMC relies on Forward Guidance to telegraph upcoming changes or communicating the timing of any change. This explanation is from the Federal Reserve’s website. “ Forward guidance is a tool that central...
