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All eyes on Jackson Hole
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Monday 19th August 2024
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Central bankers get together for the glitzy proceedings of the Jackson Hole Symposium this week. Will Jerome Powell use it s a springboard for more advice on how and when the Fed will cut rates? Probably not, says NAB’s Rodrigo Catril, given the focus on data in Fed decision making and there’s much that’s new in the intervening days. Still, markets are optimistic, evidenced by seven days of consecutive growth in the S&P share index up to Friday. The Riksbank could announce a supersized cut this week and a softer Canadian CPI print could see the Bank of Canada heading the same way.
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