"If The Fool persists in his Folly he will become wise." - William Blake
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Fed has a lesson plan, but traders just want facts
Markets are more likely to get a schooling on the labor market than a road map for rate hikes when the Fed meets in Jackson Hole in the week ahead. The annual Fed symposium is a highlight of the summer, and has been widely anticipated as an event where Fed Chair Janet Yellen may disclose some hints about the process to normalize rates when she speaks Friday. The symposium is titled, "Reevaluating Labor Market Dynamics," and Fed watchers say it actually might be the Fed's minutes from its last meeting, released Wednesday afternoon, that could be more of a market moving event. "I think there are great expectations ... (full story)
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