Jackson Hole Symposium

Vaccine and Treatment Hopes Spring Eternal

August 24, 2020

Faith is trumping science in guiding market thinking regarding Covid-19. My doctor recently told me not to expect to get a coronavirus vaccine for almost another year but to be very sure to get my annual flu vaccine this autumn because the ride is apt to get bumpy then. Markets, on the other hand, are […] More

A Corrective Day in the Marketplace

August 22, 2017

The dollar rebounded, and so did most stock markets in Asia and Europe. Bond yields and gold eased back. These changes partly reverse trends in recent days but have no obvious reason for doing so other than it was time for a correction, however brief. After heavily criticizing the never-ending war in Afghanistan, President Trump […] More

Better Financial Market Tone Continues

August 27, 2015

The Kansas City Fed’s annual economic policy symposium in Jackson Hole, WY begins today.  The topic of this year’s central banker conference is “Inflation Dynamics and Monetary Policy.”  While Chairperson Yellen will not be attending, Vice Chair Stanley Fisher’s speech on Saturday, the final day of the gathering, is the most eagerly awaited event.  Remarks […] More

Revised German and British 2Q GDP Data Released

August 23, 2013

In a pretty nondescript summer Friday, the main development has been an upward revision of U.K. GDP growth of a 0.1 percentage point.  Such went up by 0.7% between the first and second quarters and was 1.5% greater than in the second quarter of 2012.  Quarter-over-quarter gains amounted to 0.4% in personal consumption, 0.9% in […] More

No Surprises in Bernanke’s Jackson Hole Speech

August 26, 2011

In predictable and balanced remarks, the Fed Chairman generally avoided tipping his hand regarding what the FOMC might do in the near term.  As expected by yesterday, he did not announce any new measure, nor did he go into detail about specific other steps that could be taken.  He’s done that on earlier occasions including […] More