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Markets Bounce on Powell‘s Jackson Hole Speech - Changes Signaled

hank
edited August 2020 in Other Investing
Date of Speech: August 27, 2020

- Fed will target 2% inflation rate on average, in softening of policy

- Fed will also monitor shortfalls in unemployment rate, with less concern about overshoots

- No mention of forward guidance

- Speech and statement suggest rate hikes are a long way off

- Stocks and gold rise, dollar falls slightly

Above loosely excerpted from: https://www.telegraph.co.uk/business/2020/08/27/markets-live-latest-coronavirus-news-pound-euro-ftse-100/

(Ignore the time stamps. That’s London time.)
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