Fed watch

  • At the tail end of a wild week in markets, it’s back to Fed watch. As the debate rages over whether the fresh inversions of the yield curve signal recession, St. Louis Fed President James Bullard threw cold water on speculation the central bank would call an emergency gathering ahead of the Sept. 17-18 meeting.
  • Chairman Jerome Powell may shed some light on how he sees things at Jackson Hole next week, potentially saying “I told you so” as solid data rolls in.
  • Minutes of the July policy meeting Wednesday will also offer insight into last month’s decision to cut rates for the first time since the crisis.

(Source: Bloomberg)