(Bloomberg) -- It’s late August, which means we’re headed to Jackson Hole for the Kansas City Fed’s annual symposium, attended by top central bankers from around the world. And as usual, everyone is wondering in particular just what Fed Chair Jerome Powell — who’s expected to speak Friday morning — might have to say.Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionMercedes-Benz Unveils the New
The US central bank just published minutes of its July policy meeting, and the record showed that, at the time, most Fed officials saw significant upside risk to inflation, which in turn may require even more tightening. On the other hand, two also favored holding rates steady, marking the first real hint of disagreement over the way forward that we’ve seen in quite some time.
Click here for what happened last week and below is our wrap of what’s coming up in the global economy.Beyond Jackson Hole, the US economic data calendar is light and includes reports on previously owned home sales, new-home purchases and orders for durable goods. In the UK, public finances figures due on Tuesday are likely to show the budget deficit well above last year’s levels but below the forecasts of the Office for Budget Responsibility. Higher tax revenues resulting from slightly stronger than expected economic growth have given Chancellor Jeremy Hunt a bit of room to maneuver.
Almost two dozen Global South nations have formally requested to join and a similar number have submitted informal requests. An enlarged BRICS with aspiring members such as Indonesia and Saudi Arabia added could generate about half of global output by 2040, Bloomberg Economics estimates show, bolstering the alliance’s global clout.
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All Eyes on Fed Chief Powell in Jackson Hole: Eco Week AheadIt’s late August, which means we’re headed to Jackson Hole for the Kansas City Fed’s annual symposium, attended by top central bankers from around the world. And as usual, everyone is wondering in particular just what Fed Chair Jerome Powell — who’s expected to speak Friday morning — might have to say.
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Summer at Jackson Hole and other world market themes for the week aheadWhat investors will be watching over the next seven days
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Gold/Silver: Jackson Hole is a game changer(Kitco commentary) - I know it's mid-August, but it indeed feels like Ground Hog Day with Precious Metals trapped on a merry-go-round of negativity where stronger economic data in the U.S. reaffirms the Fed's
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Gold Futures Move Towards Key $1900 Support into Jackson Hole(Kitco commentary) - After continued U.S. economic strength announced this week, the likelihood of another Fed rate hike by November moving closer to 50% has taken Gold Futures closer to key technical support at $1900.
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Pence Wouldn’t Reappoint Powell, Floats Shelton for Fed BoardMike Pence said if he is elected president he wouldn’t reappoint Federal Reserve Chairman Jay Powell when his term expires in 2026, and floated economist Judy Shelton for the central bank’s board.
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N.L. health-care system in ‘a deep, dark hole’Recommendations underway to reduce surgery backlog
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