Kabul blasts hit sentiment, markets hold for Powell’s taper talk
Friday 27th August 2021Market sentiment has been hit by the explosions in Kabul this morning, but NAB’s David de Garis says the response has been fairly limited. It certainly hasn’t knocked currencies and equities out of their trading ranges. No, the real focus today will be on what Jerome Powell says at tonight’s virtual Jackson Hole Symposium. Even though more hawkish members of the Fed are pushing for tapering sooner rather than later, it’s still likely that Powell will retain a wait and see approach. There’s still too much uncertainty to assume jobs will keep bouncing back at the rate we…
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