"If The Fool persists in his Folly he will become wise." - William Blake
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Yellen to say ‘ready’ for another rate hike in Jackson Hole
Like a field judge in the Olympic track and field events, Fed Chairwoman Janet Yellen may use her speech in Jackson Hole to start the race for a rate hike as soon as September. Yellen will speak Friday from the Fed’s summer retreat at 10 a.m. Eastern. The subject of her remarks is “The Federal Reserve’s Monetary Policy Toolkit.” “We see Jackson Hole as the ‘ready’ warning and look for Chair Yellen to err on looking at the optimistic side” of the outlook,” said Drew Matus, senior U.S. economist at UBS. To be fair, Matus thinks the U.S. central bank won’t issue the “set” warning until its ... (full story)
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