Predictably, markets are off to a quiet start this morning because the US closed for the labor day holiday. Equities in the Asian session are mostly up, with the Nikkei leading the pack. In fact,…
Turns out this year’s Jackson Hole was a non-event as Chair Powell, despite a the recent barrage of hawkish Fed-speak, remained stubbornly dovish. The takeaway form Friday’s speech: the actual tapering of bond buying will…
Remember Fed Chair Powell’s rookie mistake during the 2016-2018 rate hike cycle? At the end of 2018 JPow sparked a market tantrum when he said that the federal funds rate was probably a “long way”…
Meanwhile in markets, Treasuries are extending Friday’s gains on bad overnight economic data from China. Note that the rally started after data on Friday showed US consumer confidence collapsed in August. And for a change…
Data in the chart pack is updated through August 9. For the full report, click here
All eyes will be on US labor market data, which we will preview in as many as four charts. For starters: here’s the chart for headline payrolls. By the end of June, payrolls stood 6.7…
