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Gone Fishing In Jackson Hole
The Fed’s annual economic symposium could not have been in a more appropriate place this year. Jackson Hole, Wyoming, is a great fly fishing spot. And there will probably be some fishing expeditions later this week. First and foremost, market participants have been looking at the central banks for a bit more guidance after the latest data releases have traders concerned about the inflation outlook –and potential hikes being tacked on– once more. Yet, both Powell and Lagarde will probably tell markets to go fish, and refrain from giving clearer guidance into the September meeting as they await the final pieces ... (full story)