Big week for inflation figures ahead

Federal Reserve Chair Jay Powell’s speech on the economic outlook from Jackson Hole, Wyo., was a bit of a personality test for investors.

Many investors saw Powell make the case for interest rate cuts sooner rather than later. The Fed chair acknowledged that the “balance of risks appears to be shifting” in the U.S. economy. Powell emphasized uncertain dynamics in the labor market, which has seen “marked slowing in both the supply of and demand for workers.”