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What Will Yellen & Draghi Say At Jackson Hole? Views From 10 Banks
The following are major banks' expectations for today's speeches by Fed Chairwoman Janet Yellen and ECB President Mario Draghi at the Jackson Hole Symposium. BNP Paribas: ECB President Draghi’s Jackson Hole speech late this evening (18:30 GMT) could, in our view, be just as important as that of Yellen. ECB communication since the June policy easing package has clearly signalled that the ECB believes that those policy measures will be sufficient to eventually bring inflation in line with target. However, the sharp drop in inflation expectations in recent weeks signals that markets fear the ECB is already behind the ... (full story)
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