For the rest of the week, the focus for investors and traders will be squarely on the Fed at the Jackson Hole Symposium as we await comments from chair Jerome Powell on Friday. Market participants are looking for further insight as to the Fed’s position on when they expect to begin tapering the $120B in monthly asset purchases currently in place.
Maybe as a kid, you waited all week to hear the top-40 broadcast. Well, today the countdown begins, but Casey won’t be the deejay. It’s all about counting the hours until Friday morning when we’ll hear from Fed Chairman Powell.
The fresh air of Wyoming beckons this week, but it will have to be from a distance as Fed Chairman Jerome Powell and company prepare for a virtual Jackson Hole symposium.