Hurricane Irene

Next Stop: Irene

August 26, 2011

Chairman Bernanke’s predictable speech proved not to be a major market event.  Equities, gold, and bond yields rose afterward in a sign of some relief about future risk.  Consistent with those moves, the dollar fell against the euro, which at 16:50 GMT was hovering just below $1.45 versus a 2011 high so far of $1.4939.  […] More

Jackson Hole Expectations Dumbed Down

August 25, 2011

The annual Jackson Hole symposium sponsored by the Kansas City Fed begins today, with Bernanke speaking at 14:00 GMT tomorrow.  Analysts have scaled back their expectations that he might unveil significant stimulus. The dollar is narrowly mixed, rising 0.4% against the kiwi, 0.2% relative to the yen, and 0.1% versus the Aussie dollar but easing […] More