The week will start very gently in anticipation of the Jackson Hole symposium on Friday, with the highly anticipated speech by Fed Chairman Jerome Powell.
A crescendo week… until Jackson Hole! | Photo credits: Marci / CC BY-NC-ND 2.0
The week will start gently on Monday. Enough to allow operators to prepare for the long-awaited Jackson Hole symposium, with a key day this Friday, August 26. The meeting, organized by the Kansas City Fed, will bring together, as every year, all the major fundraisers on the planet. Central bankers, finance ministers, academics or financial market stakeholders will discuss the major economic issues of the moment.
The intervention of Jerome Powell will be particularly scrutinized: some believe that the President of the Fed could take the opportunity to toughen the tone of the monetary policy of the institution. For certainty, we will still have to wait for the September session of the monetary policy committee. Its members will be able to take into account the publications of inflation and employment figures for the month of August before rendering their verdict.
On Monday, we will content ourselves with the national activity index of the Federal Reserve of Chicago, which came out at -0.19 points for the month of June.