Yellen's presentation at Jackson Hole today is the highlight of the week. It also marks the end of the summer for many North American and European investors. It may be a bit of a rolling start for US participants, until after Labor Day. However, with US employment data next Friday, many will return in spirit if not in body. While the FOMC has shifted from signaling four hikes this year to two formally, and next month's FOMC meeting may shift to only one. It has become something of a sport to show how poorly the Fed has forecast the economy and its policy. The market expectations have also fluctuated, though it never ... (full story)