FXStreet (Guatemala) – Analysts at BTMU explained that the Jackson Hole is now ahead of us this week and with Yellen not speaking it is all eyes on Vice Chair Fischer but he is not set to speak until the weekend.
Key Quotes:
“The title of the Symposium is “Inflation Dynamics and Monetary Policy” and no doubt the recent turmoil will find its way into discussions. While we probably shouldn’t expect any formal policy signal from Fischer, the general tone emanating from Jackson Hole is likely to be one of caution and concern implying a September rate increase from the Fed is unlikely.”
“Note BOE Governor Carney will also attend. Bloomberg is reporting that Janet Yellen may testify to the House Financial Services Committee in September – but this is in relation to bank supervision matters and may well be scheduled after the FOMC meeting on 16th-17th September.”
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