Jackson Hole

Marking Time Ahead of the Jackson Hole Central Banking Symposium

August 24, 2017

The annual retreat of world central bankers in Northwest Wyoming kicks off this evening and runs through Saturday. This year’s conference topic is “Fostering a Dynamic Global Economy.” Fed Chair Yellen delivers a speech on financial stability at 14:00 GMT Friday. ECB President Draghi’s scheduled speech five hours later is attracting even more interest. Meantime, […] More

Continuing Reaction to the Fed’s Message from Jackson Hole

August 29, 2016

Investors are much more inclined to think a federal funds rate hike likely next month than before the slew of comments made at the Jackson Hole conference. In reaction, stocks and commodities are lower, and the dollar is mostly firmer. Dollar overnight gains amount to 0.3% against the yen, 0.2% versus sterling and the yuan […] More

Stocks Fall and Dollar Rally Pauses

August 25, 2016

Today’s shocker came from the German IFO Institute’s monthly business climate index, which dived 2.1 points in August to a 6-month low of 106.2. Current conditions (down 2.0 points to a 7-month low) and business expectations (off 2.0 points to a 6-month trough) shared equally in this considerably weaker than expected outcome. Several data reports […] More