Down the Jackson Hole we go

Monday, 22 August 2022

Morgan Stanley on the salience of Jackson Hole this week. I can’t see how the Fed can be anything other than hawkish given the equity mania.

Heading into Chair Powell’s Jackson Hole speech on Friday, August 26, we think investors will remain nervous about a hawkish performance.

A few months ago we analyzed how financial conditions in the US had evolved. In this note, we update our analysis to see how financial conditions (FCI)have evolved since May. See more here: USD | How much looser are financial conditions?

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.