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Investors might be disappointed in Fed’s message from Jackson Hole
There is a high risk that markets might be disappointed in the interest-rate policy signals that emanate from the Federal Reserve’s summer retreat in Jackson Hole, economists say. Fed officials will gather with academics and foreign central bankers Thursday in the Grand Tetons in Wyoming to discuss the economic outlook. Fed Chairman Jerome Powell will deliver a closely-watched speech on the challenges facing monetary policy at 10 a.m. Eastern on Friday. Markets want to know what Fed officials think after the U.S. bond market sent a signal of a possible recession this week. The Dow Jones Industrial Average DJIA, ... (full story)