Matt's Market Insights
Attention is turning once again to rates and central banking as we move through the midpoint of the trading week. The latest FOMC minutes will be released at 2 pm today and no doubt a frenzy of parsing and tea-leaf reading will ensue. This act will be a warm-up for Friday's main event at Jackson Hole, in which both Janet Yellen and Mario Draghi are expected to provide their outlook on the global economy and monetary policy.
Investors are accustomed to a "Jackson Hole rally," as every time Bernanke has spoken at the event since 2007, stocks have rallied. But this time may be different, as the nature of the conversation is slowly changing. It's likely that Yellen will reiterate her dovish points about slack in the labor market and loose monetary conditions remaining appropriate, but any sign of dwindling dovishness could take the markets lower.
Yellen is attempting to walk ... Log in or subscribe to continue reading.
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