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Monday, 22 August 2016

Central bank governors meet in Jackson Hole this week

Look for some hand-wringing over the state of the global economy this week as central bank governors from around the world prepare to gather on Thursday in Jackson Hole, Wyoming, for a three-day retreat to discuss monetary policy and the economic outlook. The agenda for the gathering (background here) won’t be out until the wee hours of 26 August (Cairo time), but US Fed Chairwoman Janet Yellen is already confirmed as speaking on Friday. Cue the global business press, which is sifting the tea leaves to see whether we can expect Yellen to hint at prospects for a fall rate hike. The WSJ (here and here, paywall) and the Financial Times (paywall) have the gathering as front-page news on their digital editions this morning. And CNBC is beating the drum heavily this morning.

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