Monday, August 30, 2021

Next Week’s Menu: August 28 – September 3, 2001

Central Banks: The annual Jackson Hole central bank symposium ends on August 28. Chilean monetary policy will be reviewed at the Central Bank of Chile. Atlanta Fed President Bostic speaks publicly. Holiday: U.K. late summer bank holiday on Monday. Purchasing Manager Surveys: Results of over 40 August surveys covering manufacturing and services to be reported. […]

* This article was originally published here

Sunday, August 29, 2021

Next Week’s Menu: August 21 – 27, 2021

Central Banks: Monetary policies will be reviewed in Iceland, Poland, Hungary, South Korea, and Israel. Special Event: The Kansas City Fed’s annual central banking symposium in Jackson Hole, Wyoming runs from August 26th through 28th. Scheduled U.S. Data Releases: Quarterly GDP. Monthly personal income, spending and PCE price deflator, Kansas City Fed and Richmond Fed […]

* This article was originally published here

Saturday, August 28, 2021

Equities, Sovereign Debt Yields, and Commodity Prices Higher, while Dollar Softens at Start of New Week

Ahead of the Jackson Hole annual central banking symposium at the end of this week, investors have become more hopeful than last week. Whether bond buying starts to taper this year or in early 2022, it will be quite a while longer before the federal funds target is raised. Second-quarter earnings were good, Equities closed […]

* This article was originally published here

Friday, August 27, 2021

Marking Time as Drama at Jackson Hole and Kabul Unfold

The St. Louis and Kansas City Federal Reserve District presidents, who represent predominately Republican regions of the United States, publicly expressed their personal desires to see quantitative tapering begin this autumn, and Bullard of St. Louis added his hope that an interest rate hike be done before the end of 2022. The annual central banking […]

* This article was originally published here

Wednesday, August 25, 2021

Pound US Dollar (GBP/USD) Exchange Rate Edges Higher as US Manufacturing PMI Underwhelms

GBP/USD Exchange Rate Rises as US Manufacturing Growth Cools The Pound US Dollar (GBP/USD) exchange rate edged higher today following yesterday’s lacklustre US ISM manufacturing PMI for July, which fell below forecasts from 60.6 to 59.5, sparking concerns for the world’s largest economy. The pairing is currently...

* This article was originally published here