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The Most Important Signal From Jackson Hole May Not Be the Fed

The Fed can signal where rates are headed, but business owners can’t wait for perfect clarity before making decisions about hiring, investment, borrowing and growth.

All eyes were on Jackson Hole last week as market participants looked for clues about what the Federal Reserve may do next. But business owners aren’t only concerned about the future path of interest rates. They’re also determining how to prepare for the next wave of economic impacts to their industry.

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After several years shaped by inflation, higher borrowing costs and a shifting labor market, companies still have decisions to make on hiring, investment, borrowing and growth. Those choices cannot always wait for perfect clarity from policymakers. For business owners, the most important signal from Jackson Hole may be that uncertainty itself remains part of the operating environment. Rather than predicting which economic scenario will prevail, the primary........

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