The Daily Money: Why Wall Street is watching Jackson Hole, Wyoming

Economic experts and Wall Street have sights set on Jackson Hole, Wyoming, where Fed chief Jerome Powell will attend an economic symposium. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Tuesday, August 23 Happy Tuesday, Daily Money readers. Brett Molina back in the saddle with more headlines. It's official: The tech bubble has burst, according to experts. Giants like Alphabet, Netflix and Meta (which owns Facebook) seemed like they had embarked on stratospheric growth with no end in sight. Not anymore. Layoffs have dominated the tech sector this year as companies post disappointing quarterly results. And investors have grown even more cautious about where they place their money in the tech space. But experts believe this tumultuous period could deliver some opportunities for investors to buy smartly if they know where to look. All eyes on Jackson Hole this week This isn't about scouting a future ski trip in Wyoming. Federal Reserve Chairman Jerome Powell will join other top economists at an annual economic policy symposium hosted by the Kansas City Federal Reserve. It's the first in-person conference since the pandemic. So why is Wall Street paying such close attention? Because they're seeking clues on what the Fed will do next. Although inflation has shown signs of peaking and jobs lost during the pandemic have been recovered, there are still concerns the economy could fall into a recession. And that's where Jackson Hole enters the picture. The symposium might drop some clues on what the Fed does next, whether it keeps aggressively hiking interest rates or takes its foot off the gas. 📰 More stories you shouldn't miss 📰 Job cuts at Ford. Automaker to slash up to 3,000 white-collar positions. Ask HR. How does an employee get management to change its style? A new budget option to Europe. International low-cost airline Play will begin European flights to Dulles.  Now hiring. Amtrak says it's looking to fill 4,000 jobs. 🍔 Today's Menu 🍔 Few jobs are as coveted as driver of a giant hot dog, but that's life behind the wheel of the Oscar Mayer Weinermobile. As driver Chad Colgrove puts it: "It's a 27-foot-long hot dog. It makes everyone smile." About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Follow Brett Molina on Twitter: @brettmolina23. Jackson Hole symposium: Jerome Powell to deliver speech on Friday All eyes are on Fed Chair Jerome Powell's Jackson Hole conference speech. It's unlikely that he'll hint at the size of the Fed's next rate. The tech bubble is officially over, but investors might find bargains Ford to cut up to 3,000 salaried jobs: What we know How do I get my manager to change her management style? Ask HR Exclusive: Travelers will have a new low-cost option to Europe Amtrak to fill 4,000 new jobs as company improves infrastructure The top US states to charge your electric vehicle might shock you 8 spots across the US to visit with kids on Labor Day weekend Uber driver praised as 'hero' after running into burning building Americans are embarrassed about their search histories   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102