Powell’s Jackson Hole Moment: Will Rates Finally Break Free?

Last week’s bond market was tossed between a softer CPI and a surprisingly hot PPI—adding more complexity to the rate outlook. But the real spotlight this week? Jackson Hole. As Jerome Powell heads to the iconic economic symposium, markets await clues on whether the Fed Chair will stick to his hawkish stance or hint at a shift after weak labor data. Bill Bodnar breaks it all down, sharing why this week’s developments could set the tone for the rest of the year in mortgage rates and housing.