Jackson Hole has come and gone, now, the market is on all-time high watch! Let’s talk about this with Brett Witkowski on the Weekend Market Review.

Jay Powell spoke at Jackson Hole this morning, stating his confidence that inflation is on a sustainable path back to 2 percent. Within the labor market, the hiring and quits rates are now below the levels that prevailed in 2018 and 2019. Nominal wage gains have moderated. Labor market conditions are less tight than just before the pandemic in 2019. Jay Powell stated that the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.

The market has had a strong week. As we exit this 50-day test, we can surmise some election jitters to come into the foreground. There is no reason to worry as this is normal, especially with seasonality and holidays approaching in Q4.