Jerome Powell in virtual meeting

What can we takeaway from the Jackson Hole symposium?

This week the Federal Reserve announced its plans for an important shift in its strategy to manage inflation. The central bank will not increase interest rates in response to low unemployment levels and will not worry as much about low interest rates triggering inflation. This was insinuated by a statement Fed chair Jerome Powell made,

American lumberjack

ISM’s US Manufacturing PMI rises for third straight month

The Institute for Supply Management’s survey of manufacturing companies for July revealed economic activity in the manufacturing sector grew for a second straight month. The headline index rose by 1.6 to 54.2, driven by a surge in new orders and production. In June, the headline index registered 52.6, while in May it registered 43.1. July’s