All eyes turn to Powell’s Jackson Hole speech Friday, which could reset market expectations on rate cuts and the Fed’s stance toward Trump’s inflationary tariffs. Early September will bring more revealing jobs data — and, perhaps, fresh downward revisions. Investors should also watch how much longer the AI tide buoys up GDP and Wall Street, or whether Main Street’s growing pains finally spill over into the top-line economic numbers.
Is this a temporary wobble, or are we seeing the cracks in an AI-fueled recovery? Next month should offer clues.
