August Monthly Macro-Market RECAP
September has arrived—Wall Street’s most infamous month for volatility—and the market’s precarious balance act continues. Jerome Powell is still front and center, defending Fed independence against persistent White House pressure as headlines swirl about the fate of Lisa Cook and speculation mounts over a likely September 17th rate cut. Despite six consecutive meetings on pause, the latest Fed minutes and Jackson Hole speech hinted at a shift: the labor market’s softening and sticky inflation may finally push policymakers to act, with Fed Fund Futures markets now pricing in over 80% odds of a 25bp reduction.
