jackson hole

jackson hole2019

No news from central banks until Jackson Hole at end of August

Bankinter : No news from central banks until Jackson Hole (24/26 August). This week, RBA (Australia, Tuesday) and BoE (UK, Thursday) will probably follow the same pattern as the Fed and the ECB, rising +25p.b, linking next steps to the macro data yet to be known. If so, the main drivers for the stock markets will be corporate earnings and macro data (inflation, GDP and employment). This week, companies of…

Jackson hole

Jackson Hole in the sky

Christian Gattiker, Head of Research, Julius Baer │It is about time: central bankers present their take on the current mess at the Jackson Hole meeting, the prime plat-form for this. The more concerned they are the better. We think concerted central bank action will still avoid a global recession. Warming up to fiscal easing, as in Germany, is the icing on the cake.

ECB meetings

Central Banks Hide Their Incompetence

This was heard at Jackson Hole: “The cyclical recovery was gathering both pace and geographical breadth, thanks in part to the stimulus efforts of central bankers, the European Central Bank president said, adding that even if inflation remained low, the euro area economy was “gaining ground”. The Fed and the ECB feel they have done all they could. What a cop-out!

tiposInteres recurso peque

Yellen’s speech: are there reasons to support a September rate hike?

Stock market analysts have turned the annual central bankers’ meeting in Jackson Hole into a boiling pot of speculation regarding what message Fed Chair Janet Yellen will transmit. The markets are not expecting a rate hike in September, but are hoping for some guidance from Yellen’s speech today about how she sees the US economy, the key factor which will determine whether there will be a rate move before year-end.


Investor focus on US Fed

Do Low Rates Thwart Recovery?

On the eve of the Jackson Hole Fed gathering, the San Francisco Reserve Bank Chairman, John Williams, has launched an enlightening debate on the challenge raised by protracted natural interest rates. The so-called r-star would rank now close to zero in the US and below that threshold in the Eurozone.