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  • Fed: We really, really, really aren’t going to raise rates soon…

    From think.ing.com

    Jerome Powell’s speech at the virtual Jackson Hole Symposium tells us that the Fed have decided on a formal adoption of "average inflation targeting", which obviously allows inflation to rise above 2% "for some time" to compensate for periods when it has undershot. In their Review of Monetary Policy, the Fed have been motivated by their assessment that the “new normal” for the US economy has changed. Firstly, their estimate for long-run US growth rates have declined due to weaker productivity and an ageing population. Secondly, estimates for the neutral interest rates (where growth is at trend and inflation ... (full story)

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    Bullard: Made Sense To Unveil Fed Review At Jackson Hole - BBG TV

    From @LiveSquawk|Aug 27, 2020|3 comments

    tweet at 1:06pm: Fed’s Bullard: Made Sense To Unveil Fed Review At Jackson Hole - BBG TV tweet at 1:06pm: *BULLARD: SHIFT WILL HELP MAKE UP FOR INFLATION UNDERSHOOTS righT tweet at 1:12pm: Fed's Bullard says new strategy should lift inflation expectations - BBG tweet at 1:17pm: BULLARD SAYS 'WE'RE DEFINITELY IN THAT SHARP GROWTH PHASE'

    US Dollar Price Action: USD Bears Whiplashed by Dollar Reversal

    From dailyfx.com|Aug 27, 2020|1 comment

    Well, its 2020 and Day One of Jackson Hole has so far not disappointed, staying on theme with the craziness that has become this year. The Fed announced a potentially major change ...

    BOC's Macklem says some SMEs will have difficulties for a long time $USDCAD

    From @DailyFXTeam|Aug 27, 2020|1 comment

    tweet at 12:07pm: BOC's Macklem says some SMEs will have difficulties for a long time $USDCAD tweet at 12:08pm: BOC'S GOV. MACKLEM: NOT ALL SMALL AND MEDIUM ENTERPRISES ARE GOING TO BE ABLE TO REOPEN. tweet at 12:08pm: BoC’s Macklem: ‘Long And Bumpy’ Recovery Phase Expected

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    Kaplan: Moderate overshoot on inflation probably means 2.25% or 2.5%

    From @DeItaOne|Aug 27, 2020|1 comment

    tweet at 1:13pm: FED'S KAPLAN SAYS MODERATE OVERSHOOT ON INFLATION PROBABLY MEANS 2.25% OR 2.5% tweet at 1:14pm: Dallas Fed's Kaplan/CNBC: Now realize full employment can be much lower unemp rate and may be able "to run hotter" to include underrepresented groups in a stronger labor force. #Kaplan #jobs #federalreserve @anthonymace tweet at 1:14pm: On CNBC, Dallas Fed Kaplan says new inflation approach not formulaic or commitment, is an "articulation" of existing policy actions, and would only accept overshoot of 2.25% to 2.5%. tweet at 1:15pm: Dallas Fed's Kaplan/CNBC: Wise not to assume "the future is going to look like the (low inflation) past." #Kaplan #inflation #federalreserve @anthonymace tweet at 1:20pm: KAPLAN: MARKETS NEED TO UNDERSTAND FED EMERGENCY EFFORTS WILL END

    Strong Demand For 7 Year Auction Concludes Week Of Record Treasury Issuance

    From zerohedge.com|Aug 27, 2020

    After two monster auctions earlier this week, when demand for both the 2 and 5 Year auctions was off the chart, moments ago the Treasury sold another record-sized auction when it ...

    Euro Surges Against US Dollar Despite Negative Rates

    From cmegroup.com|Aug 27, 2020

    By mid-August the euro (EUR) rose to its highest level against the US dollar (USD) since May 2018 (Figure 1). There are several possible reasons for EUR’s strength: 1. Europe ...

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  • Story Stats
  • Posted: Aug 27, 2020 1:11pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 3,791
  • Linked events:
    All Jackson Hole Symposium
    USD Fed Chair Powell Speaks
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    5 Key Takeaways From Powell’s Jackson Hole Fed Speech
    From bnnbloomberg.ca|Aug 27, 2020|2 comments
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