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Day: August 21, 2021

The Weekly Bottom Line: Getting Back to Normal Isn’t Easy

U.S. Highlights As the economy continues to recover the Federal Open Market Committee’s meeting minutes signaled a tapering of its asset purchase program later this year. The retail sales report showed a larger decline in spending than had been anticipated, but this move also reflects the ongoing reorientation of spending away from goods and towards …

The Weekly Bottom Line: Getting Back to Normal Isn’t EasyRead More

Week Ahead: Jackson Hole, Delta Variant, and China to Move Markets Next Week

Volatility returned last week as traders prepared for the Jackson Hole Symposium at the end of this week.  The primary focus will be US Fed Chairman Jerome Powell’s speech on Friday at 10:00am ET.  The topic is simply, “Economic Outlook”.  Traders will be looking for Powell to either signal intentions to taper or provide clues …

Week Ahead: Jackson Hole, Delta Variant, and China to Move Markets Next WeekRead More

Fed’s Jackson Hole symposium to take place virtually due to Covid risk

The Federal Reserve’s annual Jackson Hole, Wyo., symposium will take place virtually this year due to Covid risks, the Kansas City Fed announced Friday. “While we are disappointed that health conditions will prevent us from being able to gather in person at the Jackson Lake Lodge this year as we had planned, the safety of …

Fed’s Jackson Hole symposium to take place virtually due to Covid riskRead More