Good Morning Traders!
It is Friday the 25th of August and here is what to look out for today.
Sentiment
The annual meeting of the Federal Reserve Bank of Kansas City is currently underway in Jackson Hole, Wyoming. Here's what you can expect from the two-day conference, which will feature central bankers from all over the world. Two Fed officials signalled ahead of the meeting that policymakers may be nearing the end of interest-rate hikes, but one of them held off on ruling out further hikes until inflation is clearly on the decline. According to the St. Louis Fed, as the US Treasury borrows heavily in the bills market, the Federal Reserve may be forced to pause its efforts to shrink its balance sheet in order to keep the banking system stable.
Docket
10:00 AM ET
University of Michigan Sentiment Final for August
Median Forecast: 71.2| Prior: 71.2| Range: 72.5 / 70
Speakers
10:05 AM ET
Fed's Powell speaks on the economic outlook at the Kansas City Fed's Jackson Hole Economic Policy Symposium.
11:00 AM ET
Fed's Harker speaks with Bloomberg TV from the Kansas City Fed's Jackson Hole Economic Symposium.
11:30 AM ET
Fed's Harker speaks with Yahoo Finance Live from the Kansas City Fed's Jackson Hole Economic Symposium.
11:30 AM ET
Fed's Mester speaks on CNBC.
12:30 PM ET
Fed's Goolsbee is interviewed by CNBC from the Kansas City Fed's Jackson Hole Economic Policy Symposium.
14:00 PM ET
Fed's Goolsbee is interviewed by CNBC from the Kansas City Fed's Jackson Hole Economic Policy Symposium.
14:30 PM ET
Fed's Mester speaks with Bloomberg TV from the Kansas City Fed's Jackson Hole Economic Policy Symposium.
15:00 PM ET
ECB's Lagarde gives speech at the Kansas City Fed's Jackson Hole Economic Policy Symposium.