Five Things You Need to Know to Start Your Day

Jackson Hole, student-debt relief and a SPAC winter.

Excitement reaches a crescendo tomorrow with Federal Reserve Chair Jerome Powell due to give a keynote speech at the Jackson Hole Economic Policy Symposium. The potential for a market upset is high as stocks, bonds and commodities have been moving lower in lockstep in anticipation of the speech in recent sessions. Powell is expected to restate the Fed's inflation-fighting resolve, but of course no one knows for sure what his speech will be. JPMorgan Asset Management's Bob Michele said Powell should use his address to give more clarity on how hawkish the Fed intends to be.