Jackson Hole

As global markets' focus rests squarely on Fed chief Jerome Powell's keynote address at Jackson Hole on Friday, hedge funds have built up their largest-ever ...

The CFTC data shows hedge funds' net short euro position is now the biggest since February 2020, just before the pandemic. The hawkish sentiment dominating U.S. CFTC data also shows that funds increased their bearish bond bets right across the Treasury curve, especially in five-year futures. This is the stance they expect Powell to take at the Kansas City Fed's annual policy jamboree in Wyoming. They now expect the fed funds rate to peak in March next year. That is up from under 800,000 contracts the week before.

The conference could be the most important economic policy event of the year, as investors look to Fed Chair Jay Powell to lay out his expectations — or hopes/ ...

[threatens to push the cost of a cup of joe even higher](https://www.wsj.com/articles/coffee-could-get-even-pricier-as-brazils-harvest-falters-11661079602?st=80wjvngufvshfno&reflink=article_copyURL_share). Also, from the FT’s Kate Duguid and Colby Smith: Some investors are [warning of a disconnect](https://www.ft.com/content/2afc16bd-f0fd-40eb-bdf2-70072b54c862) between market expectations and the Fed’s stated commitment to stamp out inflation. government should actively explore and consider new digital forms of money that can most effectively operate in an increasingly digital world,” the payments company PayPal wrote in a comment letter to Treasury last month, adding that “a digital dollar could be a logical next iteration to futureproof the U.S. It is adjudicating a dispute over track access on the Gulf Coast, with implications for the growth of passenger rail nationwide.” [behind a digital dollar](https://www.politico.com/news/2022/08/22/crypto-fed-digital-dollar-00052515), Sam writes. The House Financial Services Committee is poised to introduce a bipartisan bill in the coming weeks that will direct the Federal Reserve to research and develop a central bank digital currency (CBDC), a move Chair [Maxine Waters](https://cd.politicopro.com/member/51664) (D-Calif.) said assures the U.S. A chorus of officials has emphasized in recent days that they still have a long way to go, and they continued to warn about the risks that inflation could become entrenched in the U.S. But, but, but — While CBDC policies face headwinds from both commercial banks and some of the biggest players in crypto, certain fintechs are more bullish: “The U.S. Powell and his colleagues will be closely watching the latest inflation data released on Friday (the personal consumption expenditures index, their preferred gauge), plus another jobs report and a report on consumer price inflation ahead of their Sept. 5 to determine what, if any, legislation is necessary for the Fed to move forward; marking one of the most substantive policy decisions to come from President Joe Biden’s executive order on crypto. On the other hand, several have warned of the risks of going too far, and acknowledged that the full effect of interest rate increases is still making its way through the economy. (It’s Jackson Hole week; we’re leaning into the cowboy metaphors.) That effort has included a three-quarter-percentage-point increase in June — the first since 1994 — followed by a second one in July.

Stock markets are off to a bad start on Monday as investors question whether the recovery trade has gone too far. Last week brought an end to the late.

[Gold](https://www.fxstreet.com/markets/commodities/metals/gold) remains on the backfoot amid a resurgent dollar as 10-year Treasuries continue to creep back towards 3% and the two-year hovers around its June highs. Ethereum price remains a beta asset relative to Bitcoin price as it has dropped nearly 8% over the last twelve hours while BTC has slid roughly 4%. Following a short-lasting recovery phase, EUR/USD came under renewed bearish pressure and started to decline toward the multi-year low it touched at 0.9952 in July. The prospects for the latter could become clearer over the course of this week although that has been suggested many times this year and yet here we are. Gold price remains under intense selling pressure at the start of the week, extending the previous week’s bearish momentum into the sixth straight day. The crypto community may well be hoping for a favour from Jerome Powell later this week, with bitcoin looking vulnerable around $20,000 once more. This suggests it was very much a move targeted at the ailing property market amid developer struggles and mortgage boycotts. The three-day pause will once again raise fears that the Kremlin will weaponise gas supplies and use the maintenance as an excuse not to resume flows. This year could be an anticlimax on that front as the Fed's message has been clear since it pivoted to a data-driven approach in July. Last week brought an end to the late summer winning streak that saw stock markets recover a significant - and some would argue overly so - portion of the losses endured this year. The composition of the cuts was not quite as expected though, with the one-year cut by only five basis points to 3.65% and the five-year cut by 15bps to 4.3%. With that in mind, the expectation is still that Powell will reaffirm what he and his colleagues have been saying in public recently, without giving too much away ahead of the September meeting, before which we'll get another inflation and jobs report.

US futures were trading lower on Monday morning with all three leading indices of S&P 500, Nasdaq, and Dow showing signs of weakness.

The only silver lining was the strong jobs data that showed the employment sector is not showing a downturn. Fed is expected to deliver another rate hike of 75 basis points. The date for the Jackson Hole economic symposium 2022 meeting is August 26. Fed is expected to remain aggressive with rate hikes till inflation comes under control. After a 4-week of gains, the US stocks fell on Friday last week perhaps setting the current week’s trend. US equities were trading lower on Monday morning with all three leading indices of S&P 500, Nasdaq, and Dow 30 showing signs of weakness.

Powell is expected to re-state the Fed's resolve to keep raising interest rates to get inflation under control.

Connection is secure Checking if the site connection is secure Occasionally, you may see this page while the site ensures that the connection is secure.

Futures for the Dow Jones Industrial Average were trading 0.9% lower pre-market, while those for the broader S&P 500 index were down 1.0%,...

“All eyes will be on the Federal Reserve’s Jackson Hole meeting. To fight runaway inflation, US rate-setters have raised interest rates aggressively through the year but it remains hard to tell if they are winning. Inflation remains stubbornly at levels not seen in 40 years even though there have been some signs that price pressures may be easing. A bunch of economic data is due through the week ahead of the Jackson Hole symposium and will likely set the tone for trading. US stocks opened lower on Monday ahead of a big week, with all eyes on the Fed’s annual symposium at Jackson Hole in Wyoming and the release of a slew of economic data including the latest durable goods and GDP figures. US stocks were expected to start the week lower on Monday as investors focused ahead to the Federal Reserve’s annual symposium at Jackson Hole in Wyoming.

The Fed meets for its latest annual Economic Symposium in Jackson Hole, Wyoming later this week. Read what changes should be made to your portfolio ...

But while inflationary pressures may continue to come down in the coming months, the Fed is likely to use it’s time back in the valleys of Wyoming later this week to make sure everyone knows it has the monetary policy long guns out for inflation, the economic and stock market consequences be damned. In each of the past four instances where this net percentage was this percentage or higher, the U.S. stock market has been remarkably resilient this summer in the face of higher short-term interest rates and corporate earnings that came in well below expectations coming into the quarter. And the fact that U.S. After the Federal Reserve fully opened the monetary policy firehose in the wake of the COVID crisis, domestic banks reached recent records in the net percentage that were easing lending standards for commercial and industrial loans to large and middle-market firms, or more simply the companies that are the primary engines of U.S. Thus, the fact that this money supply contraction is likely to continue for the foreseeable future is anything but a cause for optimism for stock investors. And given that Fed balance sheet expansion through the daily purchase of U.S. Instead, the focus will likely center on how aggressively the Fed will continue to hike rates and for how long. And given that the folks at the Fed put their pants on one leg at a time like the rest of us, they are likely to overcompensate for what now look like some glaring missteps at their last two annual Symposia. [misguided](https://seekingalpha.com/article/4526770-dont-expect-fed-policy-reversal-anytime-soon?source=all_articles_title) in my view, that the U.S. The wakeup call for stocks heading into the Jackson Hole meeting may have already sounded, as the set up for stocks heading into the trading week is tenuous. The U.S.

All eyes are on Fed Chair Jerome Powell's Jackson Hole conference speech. It's unlikely that he'll hint at the size of the Fed's next rate.

That includes supply chain bottlenecks, shortages, and the Fed's low-interest rate policy during much of the pandemic, according to an Deutsche Bank economists anticipate Powell will reiterate the Fed's commitment to getting inflation under control. The conference was permanently moved in 1982 to Jackson Hole. The multi-day event also features a keynote address from the Fed Chairman. The Fed has about a month to make that decision. The regional bank selects and invites speakers to present research findings that deal with the conference's theme. The Kansas City Federal Reserve has hosted an annual symposium attended by central bankers, policymakers, academics, and economists from across the world for 45 years. But if it continues to aggressively raise rates, it could unintentionally put the U.S. But layoffs and fears that the U.S. but the 48-mile-long valley is drawing a lot of attention lately for reasons that have nothing to do with hitting the slopes. If the central bank starts to ease up on hiking interest rates it could lose its grip on inflation. Later this week top economists from across the country including Federal Reserve Chairman Jerome Powell will gather in Jackson Hole for an annual economic policy symposium hosted by the Kansas City Federal Reserve.

Every year in August, the Federal Reserve holds a small gathering of the world's leading economists and policymakers against the backdrop of the Grand Teton ...

Click here to find out more about our partners. Find out more about how we use your information in our Privacy Policy and Cookie Policy. You can select 'Manage settings' for more information and to manage your choices.

It will be the first in-person gathering of the summer camp for economic gurus since 2019, with the signature event being a speech by Fed Chairman Jerome Powell ...

Coupled with overall declining sales of homes both new and existing and the housing market is likely set for a drop in prices following two years of record gains. “This is encouraging and will cause further easing in inflation & support US economic growth which should increase roughly 1.5% this quarter.” There will be readings on the state of the service sector, now growing more important to analysts as consumers switch their buying habits from goods to services. “Last year’s compressed home sale timelines are lengthening,” Realtor.com Chief Economist Danielle Hale noted last week in an online post. Or he could use the occasion to clarify the Fed’s position as Wall Street suffers recent jitters after a summer rally that was born of better-than-expected inflation readings in July. The gauge is one that Powell and other Fed officials follow closely in setting interest rate policy.

Economic Insight: A looming eurozone recession and energy crisis may not stop the ECB from raising policy rates, Barclays said. The U.K. bank expects the ECB to ...

The U.K.-based telecommunications company said it has agreed to sell its entire 100% stake in the unit to 4iG Public Limited Company and Corvinus Zrt, a Hungarian state holding company, subject to due diligence and regulatory approval. European countries ramped up their purchases of liquefied natural gas from the U.S., Qatar and other sources this year as Russia cut supplies to the continent. "The August PMIs aren't likely to paint a rosy economic picture, so some safe-haven demand should emerge for bonds," the Dutch bank said. Fed Chair Powell's comments at the symposium may be a key avenue for the Fed to push back against the notable easing in financial conditions sparked by his past comments, which had caused markets to price in rate cuts immediately following the rate-increase cycle, TD Securities said. The move to cut interest rates comes after China's central bank last week unexpectedly lowered two of its policy rates. China is the largest consumer of metals and moves to support growth could lead to more demand. bank expects the ECB to increase policy rates by 50 basis points in September, and flags that another 50 basis-point raise could occur in October due to the persistence of elevated inflation. The ECB is scheduled to publish the minutes of the July monetary policy meeting when it raised interest rates by 50 basis points. With the coupon reinvestments coming from short gilts, the support on the curve is likely to be minimal, MS added. Oil prices edged up after falling earlier in the session, which follows weekend diplomatic efforts to revive the 2015 Iranian nuclear deal. RBC Capital Markets expects the pound to suffer from high inflation hitting the economy and advises selling GBP/CHF, targeting 1.1100 with a stop at 1.1450. Germany's economic model of importing cheap energy from Russia and exporting high-value goods elsewhere, especially to China, is "facing challenges like never before," ING said.

The price action in Bitcoin, altcoins and stocks reflects investors' anxiety, a bear market rally and the Jackson Hole economic symposium.

If that happens, the SHIB/USDT pair could rise to the stiff overhead resistance at $0.000018. The pair could then drop to the next strong support at $0.000010. The bears will now attempt to sink the price to the strong support at $6. The buyers are attempting to push the price above the overhead resistance at $0.000014 but the bears have held their ground. Contrary to this assumption, if the price slips below $32, the pair could slide to the crucial support at $26. To invalidate this bearish view, the bulls will have to push and sustain the price above the 20-day EMA. Conversely, if the price rebounds off $0.40, the buyers will attempt to push the ADA/USDT pair above the moving averages. If the price rises above the 20-day EMA, the BNB/USDT pair could rally to the overhead resistance at $338. [DOGE](https://cointelegraph.com/doge-price-index)) bounced off the trendline on Aug. If that happens, the XRP/USDT pair may rally to the stiff overhead resistance at $0.39. A break and close below this support could signal the start of the next leg of the downtrend. If bulls push the price above $21,800, the BTC/USDT pair could rise to the 20-day exponential moving average (EMA) ($22,725).

Risk assets remain on the back foot to start the week as selling pressure spills over ahead of the Fed's Jackson Hole Economic Symposium.

Whether this is a case of the market once again getting ahead of itself in anticipation of a major Fed event will simply have to be seen in due course. As sellers continue to drive price lower, it may be wise to wait for signs of exhaustion before trying to pick a pivot point. Despite a softer CPI print in July, extremely strong labor market data indicates that the Fed may have the rope required to continue to be strong in the fight against inflation. The 2-year yield traded back through 3.30%, up nearly 10 basis points on the session. US Treasury yields were higher across the curve, reflecting the shift in tone of market participants. Friday’s release of PCE data will also go a long way in determining whether inflation truly is rolling over, or if the July CPI print was simply an outlier.