All eyes on Jackson Hole - ANZ

Research Team at ANZ, suggests that in a week characterised by meandering global markets, it is now less than 24 hours until we get what most have been waiting for – Fed Chair Yellen’s speech at this year’s Jackson Hole symposium.

Key Quotes

“The title of the speech is the ‘The Federal Reserve’s Monetary Policy Toolkit’, which fits in with the topic of the conference being ‘Designing Resilient Monetary Policy Frameworks for the Future’. So there is plenty of room for her to touch on a number of topical and interesting issues. And while it is possible that her comments will have a longer-term feel about them and could also be reasonably technical in nature, markets will be particularly interested if she follows on from some of her Fed colleagues (including George and Kaplan overnight) that have signalled recently that markets are underpricing potential upcoming Fed tightening. Those comments haven’t really shifted market pricing, but if the boss was to signal it too, markets would likely listen.”