Peering into Jackson hole
Friday 26th August 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9There’s unlikely to be any surprises when Jerome Powell steps up to the podium at the Jackson Hole Symposium tonight (Australian time). It’s well signalled that he will be uber-hawkish, and with the Fed’s credibility on the line, best not to go too-soft when inflation is spiking. That said, NAB’s Taylor Nugent says there has been some pull back in bond yields ahead of the main act, whilst equities have pushed higher overnight. Minutes from the ECB have largely been…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.