Archive for August 26th, 2022

New Overnight Developments Abroad - Daily Update

Powell Predictably Didn’t Pull Any Punches in Jackson Hole Speech

August 26, 2022

The tone of Fed Chairman Powell’s keynote address today at the Jackson Hole Symposium was hawkish in spite of data released earlier in the day that revealed a larger July downtick in inflation than was forecast. Monetary policy will err toward restraint until officials are very sure that inflation is returning all the way to […] More