Markets wait for Wyoming.

From Marketplace.

I'm Subri Beneshoor, in for David Brunkhatchew.

Later this morning, we will hear from Fed Chair Jerome Powell.

He's kicking off the first full day of the Fed's economic policy symposium in Jackson

Hole, Wyoming.

It is a conference that offers a look at the big picture issues in economics that Federal

Reserve is thinking about, and Powell's speech could move markets, like it did last year.

Marketplace is Nancy Marshall Genzer, as more.

The theme at Jackson Hole this year is structural shifts in the global economy, with discussions

on how the pandemic and central banks response to it change the economy.

Investors will weigh every word of Powell's speech this morning, looking for clues on whether

the Fed will keep raising interest rates when it meets next month.

Powell's booked investors with his speech last year, he warned of higher interest rates

and pain.

Fed Watchers aren't predicting such strong signals from Powell this year.

The inflation rate has been falling, but don't expect Powell to take a victory lap.

Instead, he's expected to talk about how the Fed's inflation fight isn't over.

The central bank raises rates to make it harder to borrow and spend in an effort to cool

the economy.

Powell is expected to say the Fed will be data dependent as it weighs its next move.

The personal consumption expenditures price index, one of Powell's favorite inflation

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