Jackson Hole

With only three Fed gatherings left this year, that suggests traders see a solid chance that one reduction is super-sized.

Powell is due to speak on Friday, 10pm Singapore time, at the Federal Reserve Bank of Kansas City’s Jackson Hole symposium.

It is critical for Powell to take advantage of the golden opportunity this Friday to regain control of the economic narrative.

"You’re just sitting around in this beta state, consuming stuff" - Mark Zuckerberg, founder of Meta Platforms, on watching TV.

Equity prices tumbled as the message was absorbed, with the S&P 500 closing 3.4% lower for its worst day since mid-June.

(Aug 28): Leaders of the world’s most powerful central banks defended post-crisis reforms at their annual retreat in Jackson Hole, Wyoming, while discussing the causes and consequences of populist waves that have reshuffled the political order in the US

(Aug 27): There was much speculation that Federal Reserve Chair Janet Yellen would use her speech to central bankers and economists gathered at Jackson Hole, Wyoming, on Friday to announce a major policy initiative. Some even suggested that she might add

SINGAPORE (Aug 23): The annual Jackson Hole Economic Policy Symposium hosted by the Federal Reserve Bank of Kansas City will be held from Aug 25 to Aug 27. The theme for this year is “Designing Resilient Monetary Policy Frameworks for the Future”.