A look at the day ahead in European and global markets from Kevin Buckland
The Federal Reserve has the full attention of global markets, not least because the U.S. central bank’s highly anticipated Jackson Hole symposium kicks off later today.
Central bankers from around the world will attend, and investors are likely to hang on every word they utter. But chief among them all is Jerome Powell’s speech on Friday – his last one at the annual gathering as Fed chairman.
Like his predecessors, he’s likely to use the opportunity to guide how his tenure is recorded in the history books, particularly considering how harshly he’s been attacked by President Donald Trump for refraining from rate cuts this year.
What investors are waiting to hear though are any hints for a September cut, and they