Fed’s Warsh Issues Strong Warnings About Inflation at Fed’s Jackson Hole Symposium
– Warns Expectations Could Become Unanchored if Inflation Stays Elevated – Reaffirms that the Fed’s Job Is To ‘Deliver Stable Prices’ – Sees Labor Markets, Economy Performing Strongly Without Financial Restraint – Says Inflation ‘Has Not Meaningfully improved’ – Again Rejects ‘Forward Guidance’ Or Revealing Fed ‘Reaction Function’ By Steven K. Beckner (MaceNews) – Although […]
Japan Week Ahead: July Data to Show Mixed Start to Q3 after BOJ Deputy Governor Himino Downplays Weak Q2 GDP Growth, Keeps September Rate Hike Talk Alive
–July Factory Output to Show Pullback After Recent Gains, Heat Wave Props Up Retail Sales, Sluggish Household Spending Continues amid High Costs By Max Sato (MaceNews) – Financial markets have largely priced in a follow-up interest rate hike by the Bank of Japan in September, with only a three-month interval instead of an earlier expectation […]