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,

Capitol Hill

Equity markets creep higher as growing US-China tensions tempers gains

Stocks on both sides of the Atlantic were up with stock bourses in the US, UK, France, Germany, Spain and Italy all in the green. This was despite news that China had sanctioned 11 Americans in retaliation to similar moves by the US on Hong Kong and Chinese officials. Global investors, however, continue to have

US NYC street

1.763m in July non-farm payrolls beats estimates although recovery slows

The US Bureau of Labour statistics announced non-farm payrolls growth of 1.8m in July, beating consensus expectations for 1.6m, although it suggests a slowing labour market recovery following June’s gain of 4.8m. Markets took the news with mild positivity with S&P 500 e-mini futures moving higher by about 20bps, while yields on US 10 year