08/21/2023
This week we have the most important economic data event on the horizon. The main focus will be the upcoming Fed Jackson Hole Symposium, which begins on Thursday, with investors eagerly seeking insights from the Fed and the major central banks in attendance to better understand the global economic economic situation and the potential trajectory of interest rates. Historically, the Jackson Hole Symposium has been a platform for major shifts in Fed policy, but at this year's event such a drastic change is considered unlikely. Fed Chairman Jerome Powell is scheduled to speak on Friday, and his remarks are expected to be consistent with recent Fed communications. This means that the possibility of further tightening measures is reserved if the upcoming data requires them. Financial markets will be watching Powell speech closely, as well as statements from other central bankers in attendance about the recent rise in long term yields and how this development may affect the outlook for global growth. Today is going to be a great day. Let's get after it relentlessly
